13 January 2014
Hello everybody i have a question... there is a private company in which there is only 2 directors, now company wants to appoint 2 new director in place of existing. is it possible to appoint 2 additional director in Board meeting? and if yes... then it is possible to regularize both additional director in EGM and accept resignation of existing directors in same meeting. please suggest me the procedure of the same.
A) i) Appoint 2 additional directors in Board meeting and file form 32 ii) Resign 2 directors in after that and file form 32 iii) Conduct GM and regularize both additional directors and file 32 again for changing the designation
OR
B) i) Conduct an EGM and appoint two new persons as Directors and file Form 32 ii) Accept the resignation of old directors and file form 32.
13 January 2014
Dear Ankur Sir, i know we have to follow law. Mr.Adnan previously suggest a procedure for the same. so do you think it is inconstancy with law?
The reply from Adnan Bhai was awesome. However my opinion is slightly different w.r.t. appointing authority only and for which I had already shared my reason with sections.
Rest of the process like first appoint 2 dir with single form 32 and after that take resignation of existing dir and file their single form 32 was bang on.
CAclubindia
