REMOVAL OF DIRECTORS
In a company, board of directors are those persons who are responsible for operating the business of company. Directors are always abiding to the terms of the company. They have certain qualification and experience which adds up growth to the company. There are different types of directors in the company And all those have different appointment terms. Management directors are for 5 years, additional director is for up to next general meeting and Nominee directors are depend on the duration written into the agreement. Company has the right of removal of Directors. The reasons behind such steps are varies from company to company but with certain procedure. The procedure comes under the section 169 of the company Act 2013.Disqualification (Activation of DIN)
Section 164 (2) (A) of company act, 2013 states that if a person who is director of the company does not file annual return for about last three years will be disqualified by the Ministry. Such companies have removed from the register of company. Those will be strike off from the market. They will be eligible to be re-appointed of the company director for five years from the date on which the company fails to do so. In some situation High Court can give INTERIM STAY on the request of Directors on their disqualification.