Change in shaeholding
Querist : Anonymous
You can not give the approval of transfer and take note of resignation without the consent of Director A.
Querist : Anonymous
Thanks for the reply.
what about shares can they transfer shares without the consent of the third director.
The case over here is bit different DirectorB was made to resign in the year 92( by fraud sone by DirectorC)
Now few years back DirectorB who was still holding shares of the company transferred all his shares to DirectorC without the consent of DirectorA.
DirectorC is holding major shares in the company and is dominating DirectorA.
IS there anything that DirA can to legally?
The Transfer will not be valid, until the Board of the Company approve the transfer.
Please also check, what your Annual Return showing about shareholdings.
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