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A. The Companies Act, 1994 defines the word company as \u201ca company formed and registered under this Act or an existing company\u201d. Therefore, a company is formed under the Companies Act, 1994 by a group of people who come together for achieving a common objective.
Section 303 of the California Corporations Code generally permits removal of any or all of the directors without cause if the removal is "approved by the outstanding shares" (defined in Section 152).
A Jamaican corporation must appoint a minimum of three directors and one shareholder of any nationality and the minimum paid-up share capital required to complete the incorporation process is US$4,400.
If the documents are in order, then a Certificate of Incorporation is issued within four working days. The Cost to Register the Company is $24,000.00 (There is an additional charge of at least $500.00 if the documents are stamped at the Companies Office.)
Section 168(1) of the Act states that the shareholders can remove a director by passing an ordinary resolution at a meeting of the company.
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How to remove a person from directorship? Section 71 of the Companies Act deals with removal of directors. It provides for a director's removal by a resolution adopted at a shareholders meeting by the persons entitled to exercise voting rights in an election of that director.
The COJ has four (4) main roles- to register and regulate companies and businesses, maintaining accurate and up to date records on those commercial entities and administer the National Security Interests in Personal Property Online Registry.
How long does the process take? A. Once you have submitted your application your registration will be completed in 2 working days or 1 working day if an expedition fee of $1,500 is paid. There is also same day express service which allows you to get a certificate of registration after 2:30pm.
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 whole process including approval of DIN, Name, and Incorporation takes around 10 working days. However, now-a-days registering a Company has become a fast process as all documents are dragged in a single application form with MCA.

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