DIRECTOR BAN Before explaining this point, we need to know that the ban protects the public from directors and officers of companies who have irresponsible, incompetent or irresponsible behavior to ensure that, for During the period of the ban, the director was unable to take advantage of the status of a limited liability company, nor participate in the management of the company. For this reason the company took this action seriously. Furthermore, there are six administration prohibitions that we need to know about. The first is to buy your own shares or hold shares in the company. Secondly, provide financial assistance for the purchase of own shares or shares of the holding company. Third, it grants loans and guarantees for loans made to its directors and directors of its related company. Fourth, it makes loans and guarantees for loans made to persons related to its director and the directors of its parent company. The fifth is: real estate transactions of substantial value involving a director or shareholder. Last but not least is a real estate transaction of substantial value that does not involve the director or shareholder. The first is to buy own shares or shares of the holding company, which means that the director is prohibited from buying own shares or shares of the holding company. If the director does it, the company is not liable for this crime, but only the director responsible for this crime. This action is set out in section 67(3) of the Company Act 1965 which states: "if there is any contravention of this section, the company is not guilty of an offense but any officer in default shall be guilty of an offense against this Act" . There are penalties for that director if he takes such an action. The penalty is imprisonment for five years or... middle of paper... with ordinary resolution. The resolution can be approved if more than half of the votes cast vote. This procedure does not apply to private companies, unless they have adopted the same procedure in their articles of association. According to this article, before the meeting, shareholders who want to remove the director are required to prepare a specific notice or notice of intention to the company at at least 28 days before the date set for the meeting. In addition to this, the company should send a copy of such notice to the directors, who can respond, and the said response will be given to all members. After the shareholders' meeting, the directors have the right to speak to the members. The resolution will then be put to the vote. If half of the votes are voted then it will be said to be approved. However, if they want to remove administrators, they must also appoint a new one before removing the old administrators.