Company deadlock position
This query is : Resolved
Amit Agarwal
(Querist)
16 April 2013
Dear Experts,
If there is a dispute between two directors then what are the consequences related to Pvt Ltd Company? Will the company gets wind-up if still having profit? If it will not wind-up then what will happen?
If there is a dispute between two directors then what are the consequences related to Pvt Ltd Company? Will the company gets wind-up if still having profit? If it will not wind-up then what will happen?
CA Vikas Acharya
(Expert)
16 April 2013
1st of all directors are the person appointed by shareholders, hence can be changed with proper resolutions.
Now in case, director themselves are shareholders, then its totally depending on their thinking that how they want to settle the dispute, by selling off the co. to others or by choosing voluntary winding up. if there are two shareholders, and one resigns then also the company gets the ground of winding up.
Now in case, director themselves are shareholders, then its totally depending on their thinking that how they want to settle the dispute, by selling off the co. to others or by choosing voluntary winding up. if there are two shareholders, and one resigns then also the company gets the ground of winding up.
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