08 January 2010
suppose in XYZ pvt Ltd there are two Directors A & B. A is holding 98000 Equity shares and B is holding 2000 Prefrence shares. A is C.A. having COP and desires to resign from the Directorship and want to act as an Auditor of XYZ pvt ltd. C is appointed as director of the same company for meeting minimum requirement of director. What procedure should be followed for appointing A as an Auditor and what is to be done of shares held by him.?
Please explain in detail procedure and requirement of form?
CAclubindia
