20 July 2012
In one company 2 directors are there husband and wife both are now in jail they want to appoint their son as director how this will be done when both directors are in jail
how the egm will be called when both director are in jail in judicial custody
20 July 2012
No they cannot appoint for 2 reasons. The firm would be under scanner & any appointment of Directors is done in the Board meeting. Since the directors are in Jail, no board meeting will be conducted. However, the maximum he can do is generate a power of attornet signed by both the directors.
21 July 2012
The only option is to appoint him from back date.
Now they cannot do board meeting in jail. SEcondly after 30 days from the date they were sentenced they are disqualified and shall vacate their office of director.