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Dear Client, shareholders of a limited company can remove a director by voting at the general meeting. 28 days’ notice shall be given to this director. This decision is taken by an ordinary resolution (more than 50% shareholders shall vote “for”). If the procedure is not followed, you may demand:
- damages in the amount of the salary for the notice period which depends on the time you have worked in the company (wrongful dismissal);
- compensation for dismissal for an unfair reason (unfair dismissal).
You also may submit an unfair prejudice petition to the court. As a result, the court may order to (1) purchase your shares at the market price (by other shareholders or by the company) or to (2) regulate the conduct of the company’s affairs in the future.
Hope this helps.
If you hold the laptops lawfully and do not use the company's assets for your personal gains, you may keep them as you are still a director and still work in the company.
Since they are in the majority, they will be able to dismiss you by passing an ordinary resolution, it's just a matter of time. Now it is up to you to decide how you would like to proceed to negotiate better terms of the compensation: through a wrongful / unfair dismissal claim or unfair prejudice claim. It depends on if you want to stay in the business as a shareholder (potential conflict) or if you want to sell your share of the business at the market price.