Removal of Director cum Shareholder/Promoter of the Company
This query is : Resolved
06 November 2020
Hi, could anyone help explain the process for the following:
Fact: A private limited company having two promoters cum director; having 50%/50% equity shares.
One of the promoter cum director wish to resign form the company.
My questions are:
1. Can a new individual person be appointed as promoter cum director of the above said company? DIR12 has an option "Promoter" in appointment section, could that mean it is possible?
2. Can a new individual person be appointed as director without any expiry/retirement of position as director?
Please advise!
Thanks
Fact: A private limited company having two promoters cum director; having 50%/50% equity shares.
One of the promoter cum director wish to resign form the company.
My questions are:
1. Can a new individual person be appointed as promoter cum director of the above said company? DIR12 has an option "Promoter" in appointment section, could that mean it is possible?
2. Can a new individual person be appointed as director without any expiry/retirement of position as director?
Please advise!
Thanks
10 November 2020
1. Yes. New director can be appointed as Promoter-Director.
2. Yes .
2. Yes .
10 November 2020
Dear Mitesh,
Thanks for the reply, could please advise if we need a EGM or BR to execute this process... and any chance you could share the formats.
Thanks
Daniel Benjamin.
Thanks for the reply, could please advise if we need a EGM or BR to execute this process... and any chance you could share the formats.
Thanks
Daniel Benjamin.
10 November 2020
Dear Daniel,
Check Articles of Association of your company. If authorised by articles, an additional director may be appointed by the Board , other wise articles needs to be amedned suitably. Alternatively, you can appoint the director in GM as well.
Check Articles of Association of your company. If authorised by articles, an additional director may be appointed by the Board , other wise articles needs to be amedned suitably. Alternatively, you can appoint the director in GM as well.
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