Appointing a new director in a small company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2012
1.In a pvt ltd company if a share holder with more than 50% shares wishes to pass an ordinary resolution to appoint a new director, how many days' notice to all shareholders does he have to give?
2. In the same notification can he include a resolution to remove an existing director?
2. In the same notification can he include a resolution to remove an existing director?
09 August 2012
For appointing a director, a board meeting or general meeting is needed depending on your requirement i.e. additional director, and for that meeting quorum is needed which can't be formed by 1 director. And notice period is of 21 clear days,you can say it 25 days.
Yes, it can be written in notice that special resolution is needed to remove an existing director and an explanatory statement is needed.
Hope it clarify your doubt
Yes, it can be written in notice that special resolution is needed to remove an existing director and an explanatory statement is needed.
Hope it clarify your doubt
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2012
Thank you.
I am under the impression that
for appointing a Director through Board Meeting no notice period is required, only quorum;
for appointing through Ordinary Resolution - with over 50% voting power - 21 days notice is required;
and for removing an existing Director through Ordinary Resolution (50% plus votes) a higher notice period of 28 days is required.
Kindly clarify.
I am under the impression that
for appointing a Director through Board Meeting no notice period is required, only quorum;
for appointing through Ordinary Resolution - with over 50% voting power - 21 days notice is required;
and for removing an existing Director through Ordinary Resolution (50% plus votes) a higher notice period of 28 days is required.
Kindly clarify.
09 August 2012
21 clear days notice for removing, i.e. 25 days notice not 28 days
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
