Section 169 of the Companies Act, 2013, permits a director's removal prior to term expiration via a special notice resolution. This ensures procedural adherence and allows the director an opportunity to be heard.
| List-I (Reasons) | List-II (Examples) |
|---|---|
| (A) Contract contingent on marriage | (I) A and B contract to marry each other. Before the marriage, A goes mad. |
| (B) Repudiation of a voidable contract | (II) A agrees to sell B 100 bags of wheat. Before delivery, the government bans private trading. |
| (C) Supervening impossibility | (III) A contracts to give a loan if B marries C. C dies unmarried. |
| (D) Subsequent illegality | (IV) A forces B to sell his car worth 15,00,000 for 5,00,000. B rescinds the contract. |