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A director can be removed through board resolution, filing necessary forms with authorities, updating statutory records, and adhering to legal procedures outlined in the Companies Act.
Grounds for removal may include misconduct, negligence, incapacity, or failure to fulfill duties as outlined in the company's articles of association or legal requirements.
Yes, shareholders can remove a director through a special resolution passed in a general meeting, following procedures outlined in the Companies Act and company's articles of association.
A director can resign by submitting a resignation letter to the board, updating statutory records, and following procedures outlined in the Companies Act and company's articles of association.
Yes, improper director removal can lead to legal challenges, including reinstatement orders, compensation claims, and penalties for non-compliance with regulatory requirements.
