A manager is a key person of a company who is entrusted with numerous important responsibilities. However, he may not remain associated with the company forever, that’s why the commercial company law of UAE regulates the method of appointment, removal, and resignation of managers in detail.
Appointment of manager
The appointment shall be made by the shareholders by passing a resolution of amendment in the company’s Memorandum of Association (MOA) or a separate contract or in the resolution of the general assembly meeting in accordance with the provisions of UAE company law. It is pointed out by our best lawyers UAE that no prior written approval is necessary and the shareholders or their representatives can attend and approve the resolution of the appointment. Take assistance from the best legal law firm in Dubai for avoiding expensive mistakes.
Removal of manager
The removal shall be made by a shareholder's resolution in a general assembly meeting. The shareholders will take the necessary steps to notarize the resolution being passed in the general assembly meeting before the notary public, then execute it at the department of Economic Development. At this juncture, it is important to update the commercial license of the company by removing the name of the previous manager and adding the name of the new one. The UAE company law is clear about the majority requirement i.e., 75% of the shareholders present and vote at the full quorum of the general meeting. You can consult the top UAE law firm for a smooth removal process.
Resignation of manager
If a manager submits his resignation, it shall be decided by the shareholders within a maximum of 30 days from the date of submission. The company shall inform the competent authority of the end of the manager's service within a maximum of 30 days from the date of termination of service, and must appoint someone else to replace the resigned manager during this period. Even when shareholders disagree with the resignation or disregard the resignation, it shall be deemed effective by virtue of the law after thirty days from the date of its submission to the shareholders, provided that the competent authorities have been notified, unless the company's MOA or the manager's appointment contract stipulates otherwise.
BSB Legal Consultants has the best lawyers in Dubai, who will discharge all the legal and procedural requirements under the UAE company law so that our clients can focus on their business activities and goals. Contact us at [email protected] or call us at +97150 8014003.
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