Section 94B
Removal of director
ActIn forceProvision 104 of 211
Section 94B
(1)
Notwithstanding anything in the constituent documents of a Labuan company or in any agreement between a Labuan company and a director, a director of the Labuan company may be removed from office by its shareholder’s resolution, in accordance to its memorandum or articles, which is passed at a meeting called for the purpose that include the removal of a director.
(2)
The notice of the meeting shall state that the purpose of the meeting is the removal of the director.
(3)
Where permitted by the memorandum or articles of a Labuan company, a director of the Labuan company may be removed from office by the directors of the Labuan company.