Dear Expert,
Kindly suggest way out in following situation.
Private Limited Company (Two Director who are only shareholders) allotted shares on September, 2010
At the time of filing Form 2 company mentioned that shares allotted to 3 allottes.
(actually shares allotted to only 2 allottees and name of the third person by mistake entered in list of allottes)
after allotment, company continues to mention name of the third allottee in Annual Return
Third allottee (whose name entered by mistake) provide duly signed letter to company, stating that he is not interested in shares of the company and also not holding any shares of the company. (we can’t consider option of transfer).
Can board resolution is sufficient for rectification?
Waiting for your suggestion.
CAclubindia
