Monday, 26 December 2016

Procedure to Add or Remove Director of a Company

Under the Company Law of 2013, a company which is a private limited company can only have minimum two directors, whereas a public limited company can have minimum three directors. The profile of director falls into various different categories like Managing director, nominee director, director, additional director, etc. Shareholder has a right to remove any director before his tenure period gets expired, but the shareholder is not allowed to remove the director authorized by the Tribunal for prevention of oppression and management. But to add or remove director, there is some specific process that needs to be followed.


The procedure for removing the director of a company:


  • Special notice
  • Decide the date of the meeting
  • Intimation sent to the Director
  • Hear the reasonable opportunity
  • Intimation sent by the company to shareholders

Although the process to add or remove director might look complex, but if you take help from ClicknFile, it can be easy as it has a team of financial experts who are well versed with this process and helps you to add or remove  director in the company as quickly as possible.


See More at: www.seventhink.net



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