28 September 2012
In a company there are 4 directors, they dont have any share capital. All equity is held with 2 shareholders equally. in Extra ordinary General meeting sharehoder takes a decision of expelling all the directors and to introduce 2 new directors, Now my question is that now who is authorised to digitally sign the e-forms submitted to ROc as old directors have been resigned and new directors are yet to be appointed.
28 September 2012
First of all, Private Company should have 2 directors and Public Company three directors. Since you have two Shareholders, i presume the Company is Private Company.
At any point of time, if the numbers of Directors falls below 2, it would amount to violation of section 45 of the Companies. The right course of action is first appoint the director...then show the cessation of the others.
CAclubindia
