Director Removal in Private Limited Company
Posted By :
Sachin /
Published on :
16-May-2022 01:31 PM /
View :
679 /
Comment :
0
In my case, there is a newly incorporated private limited company (1 year Completed) which consist of :
1. Director - A (holding 51% share)
2. Director - B (holding 49% Share)
3. Director - C ( not a shareholder)(appointed as director recently)
** Authorized Capital =Rs.15 Lakhs and Paid Up Capital = Rs.2 Lakhs **( Rs.10 per Share)
Since Director-A is negligence in his work and due to some other reasons , the other two directors is decided to remove him from the company.
And my question is:-
1. Is it possible to remove Director -A by the other two directors?
2. Is it possible to remove Director -A without his Consent?
3. Is it possible to increase Paid up Share Capital , without the approval of Director-A?
So that, Director - B and Director-C can contribute more and hold the majority shares.
It may helpful for taking actions without the consent of Director-A.
So, kindly guide me with the references and help me to solve this case.
Read more on : company limited private removal director
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Posted By : Sachin /
Published on :
07-Dec-2022 06:08 AM /
View :
1013 /
Comments : 4
Hi Everyone,
Will the following person is considered as a Related Party in a Private Company:
1. Private Trust who is a shareholder of the Pvt Company
2. Public Trust who is a shareholder of the Pvt Company
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Posted By : Sachin /
Published on :
07-Dec-2022 06:07 AM /
View :
955 /
Comments : 7
Dear All,
Kindly explain if the auditor of the company has resigned and if we have also appointed a new auditor in EGM and also has filed ADT-1, then
1. in next AGM, do we require to file ADT-1 again after ratification??
2. From where the tenure of 5 years shall start: from the year of EGM or from the year of AGM??
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Posted By : Sachin /
Published on :
07-Dec-2022 06:05 AM /
View :
1206 /
Comments : 7
Dear all,
What are the consequences of not regularizing Additional Director in Annual General Meeting. What can be solution to get rid of additional fee?
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Posted By : Sachin /
Published on :
01-Dec-2022 04:41 AM /
View :
697 /
Comments : 0
Hi,
Company A is a Public Limited registered on 2019, with 7 share holders out of which 3 are promoters. As per the requirements the Company take ISIN and demated the shares of 4 share holders (promoters and directors). Further the company has increased capital and allotted new shares and added new shareholders too. The initial subscriber (3) shareholders holding less than 1% is not open demat account and not complied with the procedures even after follow-ups and they were not responding to companies communications. What are your thoughts? whether its a mis compliance if 100% shares are demated? Is there any ways available to forfeit that shares? Or to transfer to IEPF?
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Posted By : Sachin /
Published on :
29-Nov-2022 04:32 AM /
View :
691 /
Comments : 3
Dear Professionals,
Can anyone suggest me the documents for increase in capital contribution in LLP.
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Posted By : Sachin /
Published on :
29-Nov-2022 04:27 AM /
View :
589 /
Comments : 3
Dear Members,
The Number of Directors fall below 5 in producer co due to death of 1 director & company has appointed another due to this vacancy after 6 month is this amount noncompliance?
As per AOA the minimum requirement for director is 5.
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Posted By : Sachin /
Published on :
28-Nov-2022 07:12 AM /
View :
585 /
Comments : 0
Dear Professionals,
Being a PCS before affixing DSC of any Promoter on any Form under Companies Act. is it mandatory to take written Authority Letter for the same?
Thanks,
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Posted By : Sachin /
Published on :
28-Nov-2022 07:03 AM /
View :
848 /
Comments : 16
Dear Professionals,
Is DPT-3 Applicable on OPC Companies Also?
Thanks
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