Removal of Directors: Expert Guide to forced exit of Directors

Directors are an integral part of any company. They are responsible for the management and administration of the company. However, sometimes the need arises to remove a director due to various reasons such as misconduct, non-performance, or conflicts of interest. In such cases, the process of removal of directors needs to be carried out in accordance with the law. Legal Provisions for Removal of Directors The Companies Act, 2013 lays down the provisions for the removal of directors. According to Section 169 of the Act, a director can be removed by an ordinary resolution passed by the shareholders of the company after giving special notice to the director concerned. The notice must be sent at least 14 days before the meeting at which the resolution is to be moved. Moreover, The director concerned is entitled to be heard at the meeting. Grounds for Removal of Directors The grounds for the removal of directors are mentioned in Section 167 of the Companies Act, 2013. Some of the grounds for removal are: Process of Removal of Directors The process of removal of directors involves the following steps: Expert Guide to Forced Exit of Directors in Chennai Rajendra Law Office Chennai Rajendra Law Office is a well-known law firm that provides expert guidance on the removal of directors. Of course, The firm has a team of experienced Corporate lawyers who are well-versed in the legal provisions and procedures for the removal of directors. The firm provides the following services: Legal Advice Firstly, The […]