11 October 2014
what is the procedure of removal of director under companies act 2013 who is also a promoter.
Is there any change required in MOA and AOA
11 October 2014
As per section 169 of the companies act 2013, A company may, by ordinary resolution in general meeting, remove a director, not being a director appointed by the Tribunal under section 242, before the expiry of the period of his office after giving him a reasonable opportunity of being heard.
So simply by passing ordinary resolution shareholders of the company can remove a director.
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