Directors Appointment And Removal In Santa Clara
Description
Form popularity
FAQ
A resolution for removing a director must be passed in the general meeting of shareholders after giving the director an opportunity of being heard. After passing the resolution, form DIR-12 must be filed with the ROC. After filing the form, the director's name would be struck off from the MCA website.
Most commonly, directors are appointed by the shareholders at the Annual General Meeting (AGM), or in extreme circumstances, at an Extraordinary General Meeting (EGM). A resolution for the appointment is put to a vote, and passed if a majority of shares are voted in favour.
The company must file the DIR-2 and DIR-12 (Particulars of appointment of the director) after the appointment of the director. The company must file Form DIR-2 and DIR-12 with the ROC within 30 days of the appointment.
Directors are thereafter appointed by the majority shareholders entitled to vote on their election, for an indefinite term or as the Memorandum of Incorporation stipulates. Any vacancies on the board may be filled temporarily by election of other board members or as the Memorandum of Incorporation provides.
The company must formally appoint a director by passing a resolution in a general meeting. This can occur during an Annual General Meeting (AGM). However, if there's a need to appoint a director mid-year, the company can do so in an Extraordinary General Meeting (EGM).
Shareholders appoint a company director to supervise the company's activities, as guided by the Memorandum of Association (MOA) and Articles of Association (AOA). Since a company is a legal entity and cannot act independently, it functions through natural persons, which, in this case, are the directors.
The shareholders of a corporation elect the board of directors. The board of directors, in turn, elects the officers of the corporation who carry out the day-to-day operations of the business.
Facilities for researching official records and maps are available at the Santa Clara County Clerk-Recorder's office main office. Note that document contents may only be viewed at the main office, not on-line.
City Manager Jovan Grogan will now make $418,220.76 a year.
A resolution for removing a director must be passed in the general meeting of shareholders after giving the director an opportunity of being heard. After passing the resolution, form DIR-12 must be filed with the ROC. After filing the form, the director's name would be struck off from the MCA website.
