Remove Line into the Director Designation Agreement and eSign it in minutes

Aug 6th, 2022
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How to Remove Line into the Director Designation Agreement

5 out of 5
47 votes

so this time i will show you how to remove the line in microsoft word so there are different of type of lines for example the first one let me maximize it the first one when you select the whole sentence paragraph you will see here is highlighted when you select them here is highlight so to remove this underline easy you just click here then it will remove the first one is the underline the second one will move your mouse to the line you can click left click to select it so this one actually it is uh insert uh uh line shapes so to remove that is simple you you just click to select it on the hit delete key in the keyboard and it will remove so for the third one lets go back to home home tab always move your switch to the home tab okay so when you highlight it you can see this one is not underlined and when you click here you cannot select the line okay it will select the whole you can actually move it but this one actually it is still so to change that you just select the whole paragra

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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.
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.
Ordinarily, it is not difficult to remove a director, however, to do so you must own over 50 per cent of the votes of the shareholders. This will prove problematic if you hold the shares 50/50 and your partner disagrees.
As a resigning director, youll need to consult your directors service agreement to ensure you comply with any notice periods or clauses such as restrictive covenants. Your resignation letter should state your intention to resign and advise that you will be ceasing to act as a director at a specific date in the future.
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.
Creating a shareholder removal resolution should be your next step. After drafting the resolution, you should present it to your corporations board of directors. Depending on your shareholders agreement, you may instead need to present the resolution to a specific group of shareholders.
If the shareholder is to be removed involuntarily, he must have violated the company by-laws or the shareholders agreement. A resolution for the removal has to be then drafted and presented to the Board of Directors (BODs). It must also be presented to a specific set of shareholders if the agreement mentions so.
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.

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