14 April 2016
You have to just inform the changed constitution of your Board to the RBI after the change takes place as i have written in the above reply.
14 April 2016
sir, But the composition of the director does not changed, only their designation changed from non executive to WTD . Kindly provide the sample letter for the same
14 April 2016
And Sir, what is time limit for giving intimation to RBI and also If if intimation not given within time limit which is Prescribe, then what will be consequence?
07 May 2016
Subscriber to the memorandum are the persons who have subscribed the shares of the company during the time of incorporation, they can not be changed, even the names of first directors can not be changed in the AOA.