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Addition or Removal of Directos



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A Quick glance of "Addition or Removal of Directors"

Directors are the managerial personnel who control and administer the company’s business and operations. Appointment of new director or resignation of existing director is subjecting to change the business environment.

In scope of business improvements or according to the business situtation, changing in the directorship is needed.

That is Adding or Removal of Directors which bounds with the legal procedures.

The directorship is a law of statutory. As per the companies act, minimum number of directors in public compay is 3 and private company is 2. The number of directors should not reduced at any cases. The company must appoint a new director(s) within 6 months if the number reduces.



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