In addition to being referred to as ‘reasonable cause, the clause requires the firm to act reasonably when terminating a director. As a result of the Companies Act, an Article that contains such a clause must meet certain requirements. Those requirements, as well as the principles of good corporate governance, govern the law of removal…
Category: Director removal
Director Removal for a Cause: What Is It?
Company Directors The Companies Act, 2013 treats a company as an individual person. However, to manage a company in reality, some real people are required. An appointed director is a person who has been appointed to manage a company’s affairs. The guidelines for the appointment of a director are usually prescribed in the Articles of…
How Do Directors Get Removed?
Companies’ Boards of Directors are like agents who oversee the general management of the company. In accordance with the Companies Act, 2013, certain powers have been granted to them to manage the company effectively for the benefit of the shareholders as well as the company as a whole. The removal of a director from office…