Remove Alternative Choice in the Corporate Governance Agreement and eSign it in minutes

Aug 6th, 2022
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How to Remove Alternative Choice in the Corporate Governance Agreement

4.9 out of 5
33 votes

can you explain me what do you understand by corporate governance sir corporate governance is the we can say it as a standard procedures or Norms which used to run the Affairs of the companies

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The removal may be performed by the board, the membership, or a court of law. Removal of a director is distinct from the resignation of a director.
168Resolution to remove director (1)A company may by ordinary resolution at a meeting remove a director before the expiration of his period of office, notwithstanding anything in any agreement between it and him.
However, before taking this action, the director must be given a fair opportunity to be heard. The Companies Act of 2013 outlines the specific procedures for removing a director. ing to the 2013 Act, a company can only remove a director in a general meeting by passing an ordinary resolution.
At the meeting the vote may be conducted on a simple show of hands or (more likely) a poll vote. The resolution to remove a director will succeed if more than 50% of shareholders in attendance vote in favour of removal.
Pursuant to provisions of Section 169 of the Companies Act, 2013, a Company may, by passing an ordinary resolution in its extra-ordinary general meeting, remove a director before the expiry of the period of his office after giving him a reasonable opportunity of being heard.
Director removal under the Companies Act Under section 168(1) of the Act, shareholders can remove a director by passing an ordinary resolution at a meeting of the company. However, special notice is required.
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.
In many companies, the power to remove a director from office is granted to the board of directors or to a majority of the shareholders under the companys articles of association.

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