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Hi,
hope you doing well.
on director’s removal, could you explain what this phrase means; ” must satisfy legal restrictions- 100 members holding greater or equal to 100 pounds share capital on average”.
Thanks,Mike.In order for the board of directors to HAVE to include a resolution on the agenda of a meeting at the request of the members, there has to be a minimum number / percentage of those members that want that resolution to be included
So if the movement to remove a director starts with dissatisfied members, they can send in their required resolution to the board of the company
But that would then open the door for any troublesome member to cause chaos – possibly just for the fun of it
So there has to be a minimum requirement of 100 members holding on average not less than £100 of paid up share capital
OK?
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