Company law
3 years ago
A, B, C and D started a company and all are family members. A is the managing director and rest are permanent directors. After some years C and D are resigned from the company as directors but they are shareholders. Now A and B are the permanent directors which A is Managing director and B is director. Can director A removes director B without any reason ? If Director A does remove director B, does B not have right on the private limited assets ?
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
Section 169 of the Companies Act, 2013 deals with the removal of director. The company needs to comply with this provision other wise company and its officer will attract penal provisions under The Companies Act, 2013.
No individual can himself decide to remove a director.
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Section 169 of the Companies Act, 2013 deals with the removal of director. The company needs to comply with this provision other wise company and its officer will attract penal provisions under The Companies Act, 2013.
No individual can himself decide to remove a director.
If you like my answer, please give a good rating.
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A.Hi,
A director cannot remove another director from a company without following the approproiate procedure.
Also, the votes and majority is required to make any such decision.
If you like my answer, please give a good rating
A director cannot remove another director from a company without following the approproiate procedure.
Also, the votes and majority is required to make any such decision.
If you like my answer, please give a good rating
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