MCA issues Companies (Removal of Difficulties) Order, 2018

Feb 22, 2018 | by Avantis RegTech Legal Research Team

The Ministry of Corporate Affairs (MCA) has issued order to remove difficulties regarding removal of directors under Section 169 of the Companies Act, 2013. By virtue of this order, following proviso is added in section 169(1) and before the existing proviso for that section:

“Provided that an independent director re-appointed for second term under section 149(10) shall be removed by the company only by passing a special resolution and after giving him a reasonable opportunity of being heard”

Also, in existing proviso words “Provided that” will get substituted by “Provided further that” for section 169(1) of the companies act, 2013. 

[F. No. 7/8/2016-CL-V]

 

URL: http://www.mca.gov.in/Ministry/pdf/CompaniesRODorder2018_22022018.pdf


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