Remove a Director
Register your LLP to get double benefits of Partnership firm as well as Limited Liability
Reasons to Remove a Director from the company
- If they have any of the disqualifications specified under the Companies Act
- If they are absent from board meetings over 12 months
- If they enter into any contracts against the provisions of Section 184 of the Companies Act
- If they have not abided by the terms and protocols of the Companies Act of 2013
- If they have resigned by there choice from the position
Remove a Director - Overview
It is possible to remove a director from the company at any given time. There are several different reasons why a director is removed and there are different procedures depending upon the reasons.
Ways to Remove a Director
Ways to remove a director from a company are
Consequences of Not Filing DIR-12 form
DIR-12 should be filed within 30 days after the date of resignation. If the company fails to do so the given penalties will apply
- After 30 days twice the government fees will be charged
- After 60 days but within 90 days 4 times the government fees will be charged
- If it exceeds the90 days limit 10 times the government fees will be charged
- And If it exceeds 180 days limit as well 12 times the government fees will be charged and will be booked for the compounding offence as well
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