case related to PVT LTD Company

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Hasmukh Nakarani (Querist)
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08 January 2010 suppose in XYZ pvt Ltd there are two Directors A & B.
A is holding 98000 Equity shares and B is holding 2000 Prefrence shares.
A is C.A. having COP and desires to resign from the Directorship and want to act as an Auditor of XYZ pvt ltd.
C is appointed as director of the same company for meeting minimum requirement of director.
What procedure should be followed for appointing A as an Auditor and what is to be done of shares held by him.?

Please explain in detail procedure and requirement of form?

Bhavesh

Bhavesh (Expert)
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08 January 2010 sell the shares held by Mr. A to a non-relative.

then he can get the Statutory Audit

Get DIN of Mr.C and appoint him as Director.
Form 32.

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