If B Ltd. Co. take over the A Ltd. Co. and thereby all the directors of A Ltd. are resigning and directors of B Ltd. are becoming directors of A Ltd. also. Then who will sign Form 32 for all the outgoing directors of B Ltd. and who will sign Form - 32 for incoming directors??
First appoint new Directors in the company ,they will be appointed as additional directors, if the articles of the company provides they can be appointed regular directors.Even i will suggest call EGM and regularize the additional directors ...
then the old directors will resign from the directorship afterwards.
CAclubindia
