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A Director is an individual appointed to the Board of Directors, which is responsible for overseeing the overall management and strategic direction of a company. The Board acts collectively to make key decisions that affect the company’s operations, compliance, and growth.
Executive Director: Actively involved in the day-to-day management of the company.
Non-Executive Director: Provides strategic input but does not participate in daily operations.
Independent Director: Not part of the company’s executive team and brings an unbiased perspective to the board’s deliberations.
A Director can:
Retire as per the company’s Articles of Association or provisions under the Companies Act.
Resign by giving written notice to the company.
Be removed by shareholders through a resolution or by the Board under specific circumstances.
A Director may be disqualified or removed if:
They enter into contracts or arrangements in conflict with company interests.
They are convicted of certain offenses.
They default on compliance requirements under the Companies Act, 2013.
They incur any disqualifications outlined under Section 164 of the Act (e.g., undischarged insolvent, non-filing of annual returns, etc.).
Advisory: - The procedure for removing a Director from the Board of a company would depend on the existing Board of Directors. Our Experts will advise you on the procedure relevant for you.
Board Resolutions: - Once you obtain an understanding of the procedures involved in removing a Director from your Company, our Experts will draft the necessary Resolutions for the procedure.
Filing:- AOnce the Board Resolutions are passed, our Experts will prepare and file the necessary documents with the Ministry of Corporate Affairs to register the removal of Director.
