Delete Field Settings in the Appointment Of Shareholder'S Representative and eSign it in minutes

Aug 6th, 2022
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How to Delete Field Settings in the Appointment Of Shareholder'S Representative

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as the company grows some of its structures change some of the structures that may change may be to be the leadership of this company and by this leadership I mean maybe the director or the director shareholder maybe you need to remove or add a new director in this video today we are going to see how are you able to remove a director from your company using the ecitizen portal so I urge you to continue subscribing to our channel to continue sharing so that we can continue learning more about the companies about KRA business management and also financial management has kids so uh for you to be able to remove a director number one they need to have a resignation letter of which they have already signed number two they need to say enough an affidavit such that they have consented a blue area that they are going to be removed as a director number three we need to have minutes for a resolution indicating that uh the company board of directors sat down and so its good maybe to release the s

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The employee shareholder representative is a member of the Board of Directors, the corporate body that determines the orientations of the Companys activities and ensures their implementation. The employee shareholder representative has the same rights and duties as the other members of the Board.
Steps for Removal of a Director From a Company Step 1: Issue of Special Notice U/S 115 of Companies Act, 2013. Step 2: Issue of Notice to Members of the Company. Step 4: Convene a General Meeting for the directors removal. Step 5: Opportunity for the right to be heard. Step 6: Filling out Form DIR-12 with ROC.
Under section 168(1) of the Act, shareholders can remove a director by passing an ordinary resolution at a meeting of the company.
The Statutory Procedure A shareholder wishing to propose a resolution to remove a director must give special notice of his intention to the company. On receipt of this special notice, the board of directors must call a general meeting of the shareholders of the company to consider the proposed resolution.
Section 163 of the Companies Act allows for a minority shareholder to apply to a court for relief should they feel oppressed, unfairly prejudiced, or their interests are unfairly disregarded by the board of directors, the majority shareholders, or a separate juristic entity.
A director may be removed from office by ordinary resolution of the members passed at a general meeting of a company before the expiration of their period of office and notwithstanding anything in any agreement between the director and the company, pursuant to section 168 of the Companies Act 2006 (CA 2006).

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