1984 Ed.]
Companies
[CAP. 32
161
(5) On a resolution to remove a director before the expiration of his term of office no share shall, on a poll, carry a greater number of votes than it would carry in relation to the generality of matters to be voted on at a general meeting; and where a share carries special voting rights (that is to say, rights different from those carried by other shares of the same nominal value) in relation to some matters but not others, the reference in this subsection to the generality of matters to be voted on at a general meeting of the company shall be construed as a reference to the matters in relation to which the share carries no special voting rights.
(6) A vacancy created by the removal of a director under this section, if not filled at the meeting at which he is removed, may be filled as a casual vacancy.
(7) A person appointed director in place of a person removed under this section shall be treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed a director.
(8) Nothing in this section shall be taken as depriving a person removed thereunder of compensation or damages payable to him in respect of the termination of his appointment as director or of any appointment terminating with that as director or as derogating from any power to remove a director which may exist apart from this section.
(Added, 6 of 1984, s. 114)
157C. No person shall be capable of being appointed a director of a company on or after the commencement* of the Companies (Amendment) Ordinance 1984 unless at the time of his appointment he has attained the age of 21 years.
(Added, 6 of 1984, s. 114)
157D. (1) A director or secretary of a company may, unless it is otherwise provided in the articles of the company or by any agreement with the company, resign his office at any time.
(2) Notification of the resignation of a director or secretary of a company shall, subject to subsection (3)(c), be given by the company to the Registrar in like manner as a notification of any change among its directors is required to be given by section 158(4):
Provided that where there are reasonable grounds for believing that the company will not give such notification, such notification shall be given in the prescribed form by the person resigning and shall state whether the person resigning is required by the articles of the company or by any agreement with the company to give notice of his resignation to the company, and, if such notice is so required, whether such notice has been given in accordance with such requirement.
Minimum age limit for directors.
(6 of 1984.) [*31.8.84.]
Resignation of director or secretary.
་་
1984 Ed.]
Companies
[CAP. 32
161
(5) On a resolution to remove a director before the expiration of his term of office no share shall, on a poll, carry a greater number of votes than it would carry in relation to the generality of matters to be voted on at a general meeting; and where a share carries special voting rights (that is to say, rights different from those carried by other shares of the same nominal value) in relation to some matters but not others, the reference in this subsection to the generality of matters to be voted on at a general meeting of the company shall be construed as a reference to the matters in relation to which the share carries no special voting rights.
(6) A vacancy created by the removal of a director under this section, if not filled at the meeting at which he is removed, may be filled as a casual vacancy.
(7) A person appointed director in place of a person removed under this section shall be treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed a director.
(8) Nothing in this section shall be taken as depriving a person removed thereunder of compensation or damages payable to him in respect of the termination of his appointment as director or of any appointment terminating with that as director or as derogating from any power to remove a director which may exist apart from this section.
(Added, 6 of 1984, s. 114)
157C. No person shall be capable of being appointed a director of a company on or after the commencement* of the Companies (Amendment) Ordinance 1984 unless at the time of his appointment he has attained the age of 21 years.
( Added, 6 of 1984, s. 114)
157D. (1) A director or secretary of a company may, unless it is otherwise provided in the articles of the company or by any agreement with the company, resign his office at any time.
(2) Notification of the resignation of a director or secretary of a company shall, subject to subsection (3)(c), be given by the company to the Registrar in like manner as a notification of any change among its directors is required to be given by section 158(4):
Provided that where there are reasonable grounds for believing that the company will not give such notification, such notification shall be given in the prescribed form by the person resigning and shall state whether the person resigning is required by the articles of the company or by any agreement with the company to give notice of his resignation to the company, and, if such notice is so required, whether such notice has been given in accordance with such requirement.
Minimum age limit for directors.
(6 of 1984.) [*31.8.84.]
Resignation of director or secretary.
No comments yet.
Private notes are available after approval.