Know The Rights Of Shareholders In The Removal Of Directors
Test your knowledge with our MCQ and learn about the right of shareholders to remove the directors as per Companies Act, 2013. Read more to stay updated!
Test your knowledge with our MCQ and learn about the right of shareholders to remove the directors as per Companies Act, 2013. Read more to stay updated!
Dear Professional Seniors & Friends,
Warm Greetings!
Here is the Next post of #MCQ on concept based practical professional knowledge on Right of Share Holders to remove the Directors as per Companies Act, 2013 in a unique manner to be self answered by participants. The detailed answer of these MCQs shall be posted next day for the self assessment of the participants.
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MCQ 85.1: Mr. Pramod is named as a working director for life in the articles of association of M/S XYZ Pvt Limited which was incorporated on 1st April 1977. The Articles of the Company also provide that he cannot be removed as a member in the general meeting. Some of the members want to remove Mr Pramod by passing an ordinary resolution as per procedures laid down in Companies Act?
A) He cannot be removed for Life.
B) He can be removed if AOA is amended.
C) He can be removed by shareholders in Ordinary Resolution.
D) None of the Above.
MCQ 85.2: What if in the above question, Mr. Pramod is an alternate director?
A) He cannot be removed for Life.
B) He can be removed if ADA is amended.
C) He can be removed by shareholders in Ordinary Resolution
D) None of the Above.
This post of MCQ is on Right of Share Holders to remove the Directors as per Companies Act, 2013.
C) He can be Removed by shareholders in Ordinary Resolution
C) He can be Removed by shareholders in Ordinary Resolution
Based on the above analysis, Correct answer to MCQ 85.1: C) He can be Removed by shareholders in Ordinary Resolution and Correct answer to MCQ 85.2: C) He can be removed by shareholders in Ordinary Resolution.
(Disclaimer: The objective of the MCQ post is just to discuss the concept. It may happen, by change of facts, the answer may be different. Please do not treat this as professional opinion: you can definitely have your own opinion)
Sincere Regards!
CA Sanjay Kaimar Agrawal
Mobile: 9810116321
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