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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2011 Managing Director resigned with immediate effect. For appointing new director we need to hold Shareholder's meeting. But one of our our two shareholders (Overseas) is in liquidation and there is no one to authorize representation.

Is there any other way out. Please Guide

Jayashree S Iyer

Jayashree S Iyer (Expert)
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27 September 2011 If the Board has the requisite quorum, call for a Board Meeting and appoint the new director as Additional Director who will hold office till the next AGM.

Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2011 There is now only one Director on Board. So we do not have requisite quorum.

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