A director of a company may be removed in the following ways: 1. Removal by Shareholders 2. Removal by Central Government 3. Removal by Court. 1. Removal by Shareholders (Sec. 284): The shareholders may remove the director before the expiry of term of his office for negligence and fraud. But for that, a special notice must be given to the [...]
After reading this article you will learn about:- 1. Meaning of Oligarchy 2. Causes of Oligarchy 3. Implications. Meaning of Oligarchy: By Oligarchy we mean control by few. Company may be owned by large number of persons but only a few of them attain position and power to exploit the large body of shareholders and turn the company into a [...]
After reading this article you will learn about:- 1. Meaning of Board of Directors 2. Composition of the Board of Directors 3. Functions. Meaning of Board of Directors: The director of a company collectively are referred as the "Board of Directors" or "Board" [Sec. 252(3)] Only Individuals to be Directors: Nobody corporate, association or a firm can be appointed director [...]