How can a director of a private limited company be removed?

How can a director of a private limited company be removed?

Procedure for removal of Director in Private Limited Company

  1. A Company has the power to removal of Director by passing an Ordinary Resolution, given the Director was not selected by the Central Government or the Tribunal.
  2. A Board Meeting will be called by giving seven days’ notice to every one of the Director.

Can a director be removed by written resolution?

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. The relevant shareholders must serve special notice on the company of any resolution to remove a director under the provisions of the Act.

Can directors remove directors?

The procedure for removing a director by ordinary resolution is set out in sections 168 and 169 of the Companies Act 2006. 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.

Can you suspend a company director?

By Companies Act 2006, sec168, any company director can be removed from office by an ordinary resolution of the shareholders.

What resolution is needed to remove a director?

ordinary resolution
This right is held under section 168 of the Companies Act 2006, which provides that shareholders of a company can remove a director by passing an ordinary resolution (i.e. a majority vote of above 50%) at a general meeting of the company.

How to remove a director in a private company?

Also, where notice of removal or change is given, the Director concerned can make a representation concerning the circumstance of his removal in writing to the company and request the notification to members of the company of the representation

How can a director of a company be removed in Nigeria?

In accordance with section 262 of CAMA, below are the procedures to be taken in removing a director in Nigeria: A Director of a company may by ordinary resolution be removed before his tenure notwithstanding the provisions of the company’s article of association or agreement between the director and the company.

Can a statutory procedure be used to remove a director?

The statutory procedure can be used to remove a director even if the company’s articles of association contain a provision which purports to exclude the relevant sections of the Companies Act 2006 from applying to the company.

Can a director be removed under the Companies Act 2006?

The procedure under the Companies Act 2006 applies notwithstanding any agreement between the company and the director, so if the director is also an employee of the company, the fact that he or she has a service agreement with the company will not prevent him or her from being removed as a director.

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