Resignation & removal of a director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2012
If a director is to be removed by the other directors from a pvt ltd company against his wish what is the procedure.
In case a director resigns what legal formalities have to be taken care by pvt ltd company. Whether is he elgible to claim any goodwill from the company as the company has not yet closed its books of accounts from the day one ( the period is only 4 months and it is real estate company)
If a director is to be removed by the other directors from a pvt ltd company against his wish what is the procedure.
In case a director resigns what legal formalities have to be taken care by pvt ltd company. Whether is he elgible to claim any goodwill from the company as the company has not yet closed its books of accounts from the day one ( the period is only 4 months and it is real estate company)
17 April 2012
You have to file form 32 with ROC for removal of director.
For remove any director, you have to call AGM and 51% shreholder must voted against him.
For remove any director, you have to call AGM and 51% shreholder must voted against him.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2012
Sir you have not read the question properly. Does pvt ltd company hold AGM?
I am taking about the procedure for a director to be removed against his wish by other directors of pvt ltd company.
In case if he accepts to resign and demands for a premium on his shares to be transferred to other directors is it compulsory to accept such demand
Sir you have not read the question properly. Does pvt ltd company hold AGM?
I am taking about the procedure for a director to be removed against his wish by other directors of pvt ltd company.
In case if he accepts to resign and demands for a premium on his shares to be transferred to other directors is it compulsory to accept such demand
17 April 2012
Please read the answers carefully.
Yes, every company either private or public has to hold the AGM. in special cases you have to call Extra ordinary General meeting i.e. EGM.
You have to hold EGM and 51% shareholder must voted for removal of director. Shareholders has been vested with power to remove a director not other directors.
He is removed from board but still be a shareholder. another share holders will purchase his shares and with this company has nothing to do.
Yes, every company either private or public has to hold the AGM. in special cases you have to call Extra ordinary General meeting i.e. EGM.
You have to hold EGM and 51% shareholder must voted for removal of director. Shareholders has been vested with power to remove a director not other directors.
He is removed from board but still be a shareholder. another share holders will purchase his shares and with this company has nothing to do.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
Trending Online Classes
CAclubindia
