As companies grow and scale, their leadership can change over time. If you need to change or remove a director in your company, Acclime can help.
The director’s dismissal can have three causes:
The company must organise a board of directors or a shareholders’ meeting, depending on the circumstances. If it is not specified in the Articles of Association that board of directors has the authority to make a resolution about the change of the director’s authority, only the shareholders’ meeting can take such resolution.
Registration for both the change of director and the change of director’s authority must be applied to the government by the authorised ‘old’ director and it must be submitted to the government within 14 days after the change.
In order for us to prepare the paperwork, we will need to know the name of the resigning director, the name and address of the new director (incl. a copy of this passport) as well as the changes to the signatory powers of the director(s), if any.
Ashmin, Acclime business services coordinator