Taking steps to remove a director from a company Review your service agreement, employment contract, or letter of appointment Whenever a director’s employment is terminated, it is important to review the terms of the director’s service agreement, employment contract, or letter of appointment to see what terms have been agreed upon. You should seek legal…
Tag: director termination
When Should a Director Be Removed From a Private Limited Company?
In accordance with the Companies Act, 2013, a private limited company must have at least two directors before it can commence operations. Unless the central government has appointed a director, shareholders can vote out for the removal of a director at a company’s General Meeting. When a director of a company is removed: A director…