TMI BlogRemoval of directors.X X X X Extracts X X X X X X X X Extracts X X X X ..... case of a private company, authorise the removal of a director holding office for life on the 1st day of April, 1952, whether or not he is subject to retirement under an age limit by virtue of the articles or otherwise: Provided further that nothing contained in this sub-section shall apply where the company has availed itself of the option given to it under section 265 to appoint not less tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and requests their notification to members of the company, the company shall, unless the representations are received by it too late for it to do so, (a) in any notice of the resolution given to members of the company, state the fact of the representations having been made; and (b) send a copy of the representations to every member of the company to whom notice of the meeting is s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s costs on the application to be paid in whole or in part by the director notwithstanding that he is not a party to it. (5) A vacancy created by the removal of a director under this section may, if he had been appointed by the company in general meeting or by the Board in pursuance of section 262, be filled by the appointment of another director in his stead by the meeting at which he is removed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pointment as director or of any appointment terminating with that as director; or (b) as derogating from any power to remove a director which may exist apart from this section. ------------------------------------------- Notes:- [1] Fees prescribed is Rs. 500, w.e.f. 1-4-2000. On notification of the commencement of the amendment, power will be transferred to the Central ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
