Private company with less than 2 directors
This query is : Resolved
Guest
Guest
(Querist)
20 January 2014
Dear Experts,
Could you pls help for following scenario :
A private company is having only two directors & one of the Director of a same company needs to discontinue being director.
Again that company is willing to bring another director to relieve the director who wants to discontinue.
What should the director who wishes to discontinue should do??
Regards,
Rita Paryani
Could you pls help for following scenario :
A private company is having only two directors & one of the Director of a same company needs to discontinue being director.
Again that company is willing to bring another director to relieve the director who wants to discontinue.
What should the director who wishes to discontinue should do??
Regards,
Rita Paryani
CS Adnan Shaikh
(Expert)
20 January 2014
Dear Rita,
As minimum number of Directors for a pvt ltd company is two, you should first appoint a new director before filing form 32 of resignation of existing Director.
Follow below procedure:
1) Conduct Board Meeting for appointing of new 'Additional Director' and resignation of exiting director OR Conduct General Meeting for appointing new individual directly as a 'Director' and resignation of existing Director (Take resignation letter for existing director before conducting meeting).
2) File Form 32 for appointment of new Director.
3) File Form 32 for cessation of existing director.
Regards,
Adnan
As minimum number of Directors for a pvt ltd company is two, you should first appoint a new director before filing form 32 of resignation of existing Director.
Follow below procedure:
1) Conduct Board Meeting for appointing of new 'Additional Director' and resignation of exiting director OR Conduct General Meeting for appointing new individual directly as a 'Director' and resignation of existing Director (Take resignation letter for existing director before conducting meeting).
2) File Form 32 for appointment of new Director.
3) File Form 32 for cessation of existing director.
Regards,
Adnan
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
