Removal of director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2013 Hello Sir
I had formed a pvt ltd company with 3 directors, we had the company registered and got our CIN no also. In the meantime we had some issues with one of the director and had to stop further progress. Today we we have the CIN no and want to go forward with the other formalities and roll out our services under this new company, but we also do not want this 3rd director to be a part of this new enterprise.
His name had appeared in the draft of MoA & AoA, till now no shares have been issued to anyone, though while applying for the registration, we had provisioned for 40% shares in his name. the Share Cap of the company is 1.00 lac. The company is also registered in his residence address.
How do we remove this gentleman name from from our MoA & AoA, please advice.

Ajay Mishra

Ajay Mishra (Expert)
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16 June 2013 Hi

You can not removed his name from MOA & AOA as promoter and first director of the company.

You can removed the name of first director and add new name in AOA, if you are converting such private company in to public company.

In that case, promoter name will be samed and that will be not change during the whole life of the company.

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