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…
Tag: resignation and removal of directors
What Are the Rules for Appointing or Removing a Director?
As a result of their partnership (or partners), business founders often form private companies where they each serve as directors and shareholders. However, at some point co-founders’ ideas and interests may diverge, which is not uncommon for public companies with a large board of directors and many members. We explain how your company can appoint…
The 6 Rules of Removing a Director
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…