case related to PVT LTD Company


This query is : Open 

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 (Expert)
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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