A director may be removed from office before the expiry of his term of office by an ordinary resolution passed at a general meeting. The notice convening the meeting at which the resolution for the removal of a director is to be proposed shall specify the intention to propose the resolution for the removal of the director. The notice shall also state the reasons for the removal of the director. The company shall, at least 14 days before the date of the general meeting at which the resolution for the removal of a director is to be proposed, send to all members a notice specifying the name and address of the director who is to be removed and the reasons for the removal. The notice shall also state the name of the person who is to be appointed as the director in place of the director who is to be removed. The company shall also send to all members a statement setting out the information required to be disclosed under sub-section (1) of section 164. The company shall also send to all members a statement setting out the information required to be disclosed under sub-section (1) of section 164.
Companies Act, 2013
Section 103
Removal of directors
⚡ Quick Answer Reference: Section 103 Companies Act
- Provision: Section 103 of Companies Act
- Act: Companies Act, 2013
- Classification: corporate
- Jurisdiction: India
- Summary: This section explains a court case where Pannalal vs Murarilal was decided on 27-02-1967. The court set aside an ex-parte decree in a suit on a ruqqa and informed Pannalal of the decision. This section is about the knowledge of the decree and its meaning.
What does Section 103 of Companies Act say?
Embed this Section Card
Want to display this Section explanation card on your website? Copy and paste the HTML code below:
What does Section 103 of Companies Act mean?
Plain English Explanation
This section explains a court case where Pannalal vs Murarilal was decided on 27-02-1967. The court set aside an ex-parte decree in a suit on a ruqqa and informed Pannalal of the decision. This section is about the knowledge of the decree and its meaning.
Practical Interpretation
In practical terms, this section shows how a court can set aside an ex-parte decree and inform the parties involved. It highlights the importance of knowledge of the decree and its meaning in legal proceedings.
Core Legal Purpose
The core purpose of this section is to clarify the meaning of knowledge of the decree and its implications in legal proceedings. It aims to provide a clear understanding of the court's decision-making process and the rights of parties involved.
- •The court's decision to set aside an ex-parte decree
- •The importance of informing the parties involved of the decision
- •The meaning of knowledge of the decree in legal proceedings
- •The court's power to set aside an ex-parte decree
Practical Example of Section 103 Companies Act
A realistic scenario showing how this section applies in everyday situations is as follows: Pannalal and Murarilal had dealings regarding a ruqqa and a mortgage. Murarilal filed a suit against Pannalal for recovery of money due on the ruqqa and obtained an ex-parte decree. Pannalal then filed an application to set aside the ex-parte decree, which was granted by the court. The court informed Pannalal of the decision, and this section explains the knowledge of the decree and its meaning in this context.
Frequently Asked Questions about Section 103 Companies Act
Q: What is the punishment or consequence under Section 90506-1964 of Supreme Court Case Law?
This section is a procedural provision and does not prescribe a penal punishment.
Q: Does this section apply to private individuals or public entities?
This section applies to both private individuals and public entities in the context of legal proceedings.
Q: Is an offence under this section bailable or cognizable?
This section is a procedural provision and does not prescribe a penal punishment, so it is neither bailable nor cognizable.
Common Questions about Section 103 Companies Act
What is Section 103 of Companies Act?
Section 103 of the Companies Act, 2013 (Companies Act) defines and regulates "Removal of directors". In plain terms: This section explains a court case where Pannalal vs Murarilal was decided on 27-02-1967. The court set aside an ex-parte decree in a suit on a ruqqa and informed Pannalal of the decision. This section is about the knowledge of the decree and its meaning.
What are the elements of Section 103 of Companies Act?
The essential elements of Section 103 of Companies Act are: The court's decision to set aside an ex-parte decree; The importance of informing the parties involved of the decision; The meaning of knowledge of the decree in legal proceedings.
Landmark Judgments under Section 103 Companies Act
Patnahcucisdb94 High Court (10 8)
Patnahcucisdb94 High Court (10 8)
Sections commonly cited alongside Section 103
Ask Nyaya AI About Section 103
Select a pre-configured prompt to run this section through the grounded research engine.