Removal of Director - Overview
The Composition of Directors and types of directors appointed in a company depends upon the nature of the company. Director has been defined under Companies Act 2013, which means the director appointed to the board of a company.
Every private company must have at least 2 directors, and in the case of a public corporation, at least three directors are required. A Private company has the rights to remove a director if he is caught in any of the incompetence stated as per the Act, absents himself/herself from board adherence for more than 12 months. If it enters into arrangements or agreements against the provisos of section 184, it gets barred by order of a court or is convicted by a court or Tribunal of any crime and condemned to imprisonment for more than 6months.
Understandings behind Resignation of Directors
Dispute with the Board
More beneficial career opening
Suspension due to infringement
Misuse in the Company Affairs
The Recession of Nomination
Eligibility Criteria to be a Director
Determination of Nationality
Age Demarcation
DIN Needed
Limit of Valid directorship
In Eligibility Criteria to be a Director
Unsound mind or bankrupt person
Criminal background
Pending overdue returns
Documents Required For Registration
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Documents needed for Removal of Director
- Passport size photo of the Director to be designated
- Self-attested PAN card of the Director to be designated
- Aadhar Card/ Voter ID/ Passport/ Driving License
- DSC of the ongoing Director and Director to be eliminated/removed
- Identity proof before-mentioned as Passport/Election card/Driving License/Aadhar card
- Mobile number and Personal & official email id of the Director
- It is mandatory to apostle all the documents apostilled if the Director is a non-resident of India
- Notice of resignation filed with the company
- Proof of dispatch
- Acknowledgment of form, if received.
Process To Register
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Manner of Removal of Directors
Suo-moto via the Board
Self-submission by a director
Absence of the Director in three consecutive Annual board Meetings
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