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Removal of directors

 
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Removal of directors
nouman
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03-31-2006, 04:51 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by wasrana</i>
<br />Can someone explain me section 181 of the ordinance about removal of directors specially the second clause.

Please don't tell me the textbook stuff.

Thanks in Advance
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

hi the explanation to this sub section is as follow

the compamy can remove the director in agm if total no of votes cast against it(in the favour of non removal) is not more than the total no of votes that can be casted divided by the no of directors including the subject director.eg.total no of votes that can b casted r 70 and the no of directors at that time are 7.removel of director can only b possible only if the votes casted in favours of non removal are less tahn ten.... ok got it.

usmani
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Messages In This Thread
Removal of directors - by wasrana - 02-24-2006, 12:57 AM
[No subject] - by fatima ca - 03-07-2006, 02:55 AM
[No subject] - by nouman - 03-31-2006, 04:51 PM

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