Removal of re-appointed independent director now requires a special resolution after a reasonable opportunity to be heard. The Order inserts a proviso in section 169(1) providing that an independent director re-appointed for a second term shall be removed by the company only by passing a special resolution and after being given a reasonable opportunity of being heard, with the change made under the removal-of-difficulties power and effective on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Removal of re-appointed independent director now requires a special resolution after a reasonable opportunity to be heard.
The Order inserts a proviso in section 169(1) providing that an independent director re-appointed for a second term shall be removed by the company only by passing a special resolution and after being given a reasonable opportunity of being heard, with the change made under the removal-of-difficulties power and effective on publication in the Official Gazette.
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