Removal of Director
The removal of a director involves legally terminating their position on the company’s board. This process requires a special resolution passed by shareholders in a general meeting, with prior notice given to the director being removed. The company must file Form DIR-12 with the Registrar of Companies (ROC) to officially update the director’s status. Additionally, the company should document the decision in board meeting minutes. Compliance with these steps ensures that the removal is conducted transparently and legally, preventing potential disputes or challenges. Proper handling of the removal process is essential for maintaining effective corporate governance and adhering to regulatory requirements.
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