Director Appointment and Removal
Appointment under Companies Act, 2013:
- Board of directors required, with a maximum of 15 directors.
- Appointment by nomination, voting, proportional representation, or tribunal.
- Special resolution for more than 15 directors.
Removal under Companies Act:
- Draft notice and resolutions for a board meeting.
- Inform the director about potential removal.
- Send notices and agenda to all directors.
- Hold a board meeting and pass a removal resolution.
- Notify members of the general meeting.
- Special notice signed by members with at least 1% voting power.
- Hold a general meeting, allowing the director to address the situation.
- Complete necessary documentation.
Director Removal Documentation: Forms required are MGT-14 and DIR-12.