Section 255 and 256

A pvt company which is a subsidiary of a public becomes a public company automatically. Therefore the formalities have to be followed.

yes u ve to follow d norms of public company...n for voilation i think u have to go for compounding or condonation.

Compounding need to be resorted to only if and when a legal proceeding is initiated by the Department against the Company.There is no benefit  to the Company in volunteering!.

Only the Department and practising professionals benefit.

This does not in any way affect their Capacity as Director in view of the Default provision in Sec.256

The only thing need to be done is to include the re-appointment of Directors ( both directors if only Two)as Agenda in future AGMs