197
Question
A director may be removed before the expiry of his term by passing a/an :
A director may be removed before the expiry of his term by passing a/an :
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Solution
The correct option is A Resolution requiring special notice
According to Section 115 of the Companies Act, A special notice with the intention of removing a director by the specified number of members of the company has to be passed. A special notice required to be given to the company shall be signed by members holding not less than 1 percent of the total voting power. Opportunity can be given to the director to submit his statement in writing against his removal from company.
According to Section 115 of the Companies Act, A special notice with the intention of removing a director by the specified number of members of the company has to be passed. A special notice required to be given to the company shall be signed by members holding not less than 1 percent of the total voting power. Opportunity can be given to the director to submit his statement in writing against his removal from company.
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