Corporate query

This query is : Resolved

PAWAN M. KUKREJA (Querist)
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13 June 2012 respected member pls help to provide procedure for removal of Shareholder of pvt ltd & ROC formalities if any & is there any need to change MOA/AOA.

Regards
PAWAN KUKREJA

Ajay Mishra

Ajay Mishra (Expert)
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13 June 2012 Hi

As per my knowledge you can not removed the shareholders under Companies Act, 1956. However you can bye back shares of the same.

Amol S Joglekar

Amol S Joglekar (Expert)
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13 June 2012 Take resignation of erstwhile member and trnasfer the shares in the new shareholder's name.

Ajay Mishra

Ajay Mishra (Expert)
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13 June 2012 Hi Amol

Can u provide the details of provisions which says about resignation of members.

Regards

PAWAN M. KUKREJA

PAWAN M. KUKREJA (Querist)
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13 June 2012 i want continue with existing 2 sharehoder after resignation of 1 Director as well as he shareholder of the co. he also subscribe to moa i want to delete their name from moa is it possible if yes what are formalities for that require for that & procedure for that.

Ajay Mishra

Ajay Mishra (Expert)
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13 June 2012 Hi

You can not remove/change the subscription clause of MOA/AOA after incorporation of company in whole life of the Company.

Regards

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