Resolution - Removal of a director of a company

Description

• The removal of a director from office can only be decided by the shareholders, who must pass a specific resolution to this effect.
• When a director is removed from office, shareholders may elect a replacement immediately at the same meeting. However, if the Board of Directors maintains the required quorum, shareholders may decide to postpone the appointment of the replacement until the next annual meeting. If the shareholders intend to appoint a replacement but have not done so, the law allows the directors to promptly pass a resolution appointing a replacement in their stead.
• The resolution for the removal of a director, available on this site, is designed to meet the needs of most companies, and also for relatively simple situations.
• Generally speaking, any decision concerning a company must be formalized by a resolution adopted by its board of directors.
• All company resolutions must be carefully preserved in the company's minute book, ensuring traceability and legal compliance.
• The Legal Publicity Act stipulates that companies must promptly update the identification of directors with the Registre des entreprises du Québec (REQ).
• This crucial requirement aims to ensure the transparency and accuracy of public information about companies, making it easier for the public and authorities to verify their legitimacy, and reinforcing confidence and security in Quebec's business ecosystem.

• Find a wealth of information on various legal topics in our legal FAQ.

Other services offered

Summary

This service includes:

• Shareholders resolution to remove a director from office;
• Acceptance of office by the new elected director, if any.

Price

Available option