05 October 2013
Is it essential for a Pvt Ltd company (having assets n bank balances running into lakhs) to hold such meetings every year? In holding such a meeting is it essential for the Directors to send Notices to all shareholders at their registered address? If so,can it be by ordinary post or by Regd post? What can be done if for nearly 10 years they have not done so; can they just close down the Company? I am a 25 pct shareholder in one such company