Erase Director Agreement

Aug 6th, 2022
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How to Erase Director Agreement

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To change directors, first register as a customer if you haven't done so; refer to the video on customer registration. Visit www.cipc.co.za, select "Online Transacting" from the top menu, and then click on "eServices." You will be redirected to the login screen. Log in by completing the required fields, noting that both the password and security code are case sensitive. Accept the terms and conditions. Once logged in, go to the eServices landing page and select "Amend Company Director Details." Enter the relevant Enterprise number and validate the details. Enter the first listed director's ID number and confirm the listed details belong to the company.

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Any Director may be removed either by (a) the vote or written consent of at least two‑thirds (2/3) of the Directors not subject to the removal vote or (b) at a meeting, the vote of 75% of the outstanding Shares.
A director holds office at the wish of the shareholders. They can be removed by passing an ordinary resolution at a meeting of the shareholders. The meeting need give no reason.
A director holds office at the wish of the shareholders. They can be removed by passing an ordinary resolution at a meeting of the shareholders.
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.
The relevant shareholders must serve special notice on the company of any resolution to remove a director under the provisions of the Act. This must be given to the company at least 28 clear days before the meeting at which the resolution will be moved.
This paper provides an overview of both of these possible avenues for the removal of a director. Removal of Directors by Shareholders Meetings. Removal of Directors by Court Orders.
Shareholders must serve formal notice on the company, at its registered office, of any resolution to remove a director by at least 28 clear days before a general meeting. On receipt of such special notice, the board must convene a meeting and send a copy of the notice to the director concerned.
The resolution to remove the director is passed by a simple majority (i.e. anything over 50%) of those shareholders who are entitled to vote, voting in favour.

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