Company Law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2010
The co has 2 shareholders- husband and wife, holding 50% each. On the death of husband what happens - techincally there is only one shareholder- i.e wife and no other legal heir.
Can EGM be called to remove a Auditor under the prvailing circumstances?
Can EGM be called to remove a Auditor under the prvailing circumstances?
Guest
Guest
(Expert)
27 April 2010
The Company will survive and wife has to transfer 1 or some share to another person within the prescribed time.
28 April 2010
Without increasing the number of members holding of EGM is not possible to remove auditor.
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