Remove a Director in Company
Overview of Removal of director in private limited company
It is probable to add or remove a director from the company anytime. There are several reasons behind removing a director from a company, and such reasons rely on three approaches. Regardless, Lawgical India is always ready to guide you through the process of removing a director from your company and ease the entire procedure for you.
Specifications of Participation to remove director of company
The members or stockholders who are keeping shares of more than a sum of 500000 INR as their paid-up capital shares for a notice period or are holding more than 1% of the entire voting power can mail a particular declaration to the company for the procedure of removal of directors in company law.
Shareholders are entitled to form the decision regarding the time, date, and venue of the meeting to remove director of company. However, the specific notice should not be sent prior to three months from the time of the Board meeting. Even though the resolution of the board meeting is to be moved at least 14 days former than the date of the meeting. The future director has given the alternative of being heard about the meeting previous than the board of directors of the company in the procedure to remove director of company. If the objects are dignified by the board of directors and the stockholders, then they can eliminate the procedure for removing the director.
Procedure to remove a director in company:
Features
Age demarcation
Although there is no fixed age for being a director but it should be necessary that the person getting in the contract must be competent enough.
Nationality
Although it is not a criteria but there should be atleast one indian in the BOD.
Limit of valid directorship
An individual can only be a director of 20 companies at a time. Among this, there can only be 10 public companies
- Digital Signature Certificate: DSC of the current Director and Director to be removed.
- PAN Card: Self-attested PAN card of the Director to be selected
- Photograph: Passport-size photo of the upcoming Director.
- Residency Proof: Voter ID/ Aadhar Card/ Passport/ Driving License
- It is compulsory to advocate every document if the Director is a non-resident of India
- Personal and official email id of the Director and Mobile number
- Identity proof such as Driving License/ Election card/ Passport/ Aadhar card
- Resignation notice was filed with the company
- Dispatch proof
- Acknowledgement of form, if acquired.
FAQ's
Few doubts important to be resolved quickly
1. How can we proceed with the removal of directors in company law?
2. Can you remove director of the company without their permission?
3. What is the minimum number of directors a company must have?
4. Who cannot be a company director?
5. What is the total number of directors in a company?
6. Is the procedure with Lawgical India completely online?
7. Can somebody with a criminal record be a director?
8. If directors resign or vacate their offices, who handles everything?
9. Can a Company persist a Foreigner or NRI as a Director?
Remove A Director From Company
GOLD
- Single Director Regisnation
- Resignation in 2 days
- Drafted Resignation Letter
- Drafted Board Resolution
- Drafted Acceptance Letter
PLATINUM
- 2 Director Resignation
- Resignation in 2 days
- Drafted Resignation Letter
- Drafted Board Resolution
- Drafted Acceptance Letter
DIAMOND
- Resignation in 3 Days
- Drafted Resignation Letter
- Drafted Board Resolution
- Drafted Acceptance Letter
- More than 2 Directors ₹ 1000 each
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