In case the Directors need to leave or vacate their office for any reasons, they need to give a notice to the organization and the Board is required to record the fundamental filings with MCA within 30 days.
What are the Documents required for Removing Directors ?
The removal of a managing director will depend on the terms of any contract of employment for the managing director. If there is no contract of employment, this will depend on the company’s Constitution, or any other terms pursuant to which the managing director was appointed.
If your company has a Constitution: A director can be removed by either
One or more of the directors may be managing director. If more than one managing director is appointed, they hold office jointly. A person may only be managing director as long as they are and remain a director – if they resign as a director, they automatically cease to hold office as managing director.
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