Director Addition and Director Removal in Vadapalani - Filingpoint
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Filingpoint If a company has to remove the name of any Director, a special notice should be sent to him after following Section 169 of Companies Act 2013. Once he has been removed, the company has to fill up the vacancy by appointing another director in his place by passing an ordinary resolution at the general meeting. This should be done after granting him due opportunity to represent himself.
Shareholder-initiated removal: When shareholders decide to remove a Director, they must follow the procedure specified under Section 169 of the Act along with Rules 23 of the Companies (Management and Administration) Rules, 2014. This process involves convening a board meeting, passing the necessary resolutions and preparing minutes of the same. This information must then be filed with the ROC department.
In case of a Non-Member Director, the removal process follows a slightly different route. The law requires that the process be followed precisely or else such a person can file a complaint with NCLT against the removal.
Changing directors is not an easy task, but when you have a team of experts by your side, it becomes less challenging. Vakilsearch helps businesses draft and file all forms required for the process of adding and removing directors. We help in making the entire process as simple and seamless as possible, so that you can focus on building your business. Get in touch with our business experts to learn more.
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