Company Law

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2010 The co has 2 shareholders- husband and wife, holding 50% each. On the death of husband what happens - techincally there is only one shareholder- i.e wife and no other legal heir.

Can EGM be called to remove a Auditor under the prvailing circumstances?

Guest

Guest (Expert)

27 April 2010 The Company will survive and wife has to transfer 1 or some share to another person within the prescribed time.

Ankur Garg

Ankur Garg (Expert)
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28 April 2010 Without increasing the number of members holding of EGM is not possible to remove auditor.

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