Dispute in directors

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2017 hello all,
A private company having 5 directors. say "A" and his son "B" and "D" and his sons "E" and "F". A and D are bothers and both of them holding 50%-50% shares of the company. now the dispute arises between the two families say A and B (father and son) on one side and other family D, E and F( father and 2 sons) are on other side. My queries are as follows :-
1. Mr. A wants to add his wife say "G" as director of the company which will result in 3-3 directors of both the families in the company, but D,E and F are opposing for the same. now what should be done in this situation and whether sign of all the directors needed in resolution for adding a director????

2. Presently either of A, D or E is the authorised signatory in the bank. now D and his family wants to change the authorised signatories as :- A and either of D and E.........my question is that whether sign of all the directors needed in resolution for change in authorised signatories???

Please remember that A and D are only shareholders of the company with 50-50% share holding.

Waiting for reply

thanks in advance

c.bakshi

c.bakshi (Expert)
Follow

15 November 2017 Answer:
1. New director can't be appointed as majority is against the resolution. 3 directors are opposing.
2.Again question of majority arises. 51% voting in favour of resolution is required for passing a resolution

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