I have a Pvt. Co. having 3 directors holding shares in ration of 4:3:3. 1]Now I want to put restriction om removal of director in such a way that one director can't be removed by other 2 directors forming some sort of coalition.
2]i want to put restriction on transfer of shares in such a way that one person can't transfer shares without full consent of other directors.
Please help me in this regard and tell whether the above conditions can be implied?
24 March 2012
Sir I guess the ist condition i 've mentioned cant be put as such as it will be ultra vires the act. Kindly suggest me the amendment to be made so that it is in line with the act. also the formalities to be done after amending the AOA.
CAclubindia
