Change of directors of a limited company
Querist : Anonymous
Appointment and resignation of Director
In this situation u can take the following route:
1. Convey a Board Meeting
2. In Board Meeting u first appoint additional director
3. There after u can resign the existing directors
4. Authorize new director to sign and file forms with MCA and other authorities.
5. File Form 32 of appointment of directors with concerned ROC and take approval from ROC.
6. After approval of Form-32 regarding appointment, u can file Form-32 regarding resignation of directors
7. You try to give effect of resignation of director from the date of Board Meeting or thereafter, otherwise appointment of new directors will be null and void.
8. Convey a Board Meeting for calling general Meeting for regularization of existing additional directors
9. File Form -32 regarding change in designation of existing director.
Procedure for Transfer of shares of the Company:
1. After receiving Transfer Deed(Instrument of Transfer), Share Certificate and other documents, if any.
2. Check all documents is proper and eligible to register for transfer.
3. Call Board Meeting
4. At Board Meeting register the Transfer and made entry in the Register of Members and Register of Transfer.
5. Return the Share Certificate after making entry of transfer therein within 2 months.
6. Make entry in the minutes of Board Meeting.
7. The detail of Transfer from last AGM till the date of AGM should be submitted in Annual Return to ROC in Form-20B.
Querist : Anonymous
Querist : Anonymous
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