i. Can the company call for the next Annual General Meeting to be held immediately to remove the Director?

Monjur Alahi

Study the following case situation and express your opinion:

XYZ Ltd held its Annual General Meeting on 11th May 2018. On 1st June Mr. X, a Director of the company was arrested for a financial scam. Hence the shareholders of the company want to remove him.

i. Can the company call for the next Annual General Meeting to be held immediately to remove the Director?

ii. Which meeting of members should the company hold to discuss the removal of the Director?

iii. What type of resolution will be passed in this meeting for the removal of the Director?


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1 Answers

Salim Ahmed Kawsar

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i. No, the company cannot call the next Annual General Meeting immediately to remove the director.

ii. Extra Ordinary General Meeting should be called to discuss removal of the director.

iii. A resolution requiring special notice (section 115) will be passed in the meeting for the removal of the director.

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