137 Removal of directors

(1) Subject to the memorandum or articles of a company, a director of the
company may be removed from office by resolution of the members of
the company.


(2) Subject to the memorandum and articles, a resolution under subsection(1)
may only be passed —

(a) at a meeting of the members called for the purpose of removing
the director or for purposes including the removal of the
director; or

(b) by a written resolution passed by in excess of half of the votes
of the members of the company entitled to vote.

(3) The notice of a meeting called under subsection (2)(a) shall state that the
purpose of the meeting is, or the purposes of the meeting include, the
removal of a director.

(4) Where permitted by the memorandum or articles of a company, a director
of the company may be removed from office by a resolution of the
directors.

(5) Subject to the memorandum and articles, subsections (2) and (3) apply to
a resolution of directors passed under subsection (4) with the substitution,
in subsection (3), of „directors“ for „members“.