Alter in Articles

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Dear All,


A public Limited company was incorporated in april 2008 and not carried any business yet and also not filed Form20 and Form22 as there were differences among 4 directors who are also shareholders of the company. Now company want to strike off that company. please let me know whether a company can go under strike off aftere complying with all the procedure and whether company in first board meeting , call an egm to alter the articles so as to delete the clauses of quorum and other boardd meeting clauses. thnx a lot

Replies (5)

A public company should have at least 7 members. Your co. is having 4 members.......Its non compliance.

 

How can company go alone to dissolve itself ? Company is run by BOD, afterall. BOD can pass a special resolution to dissolve the co.

The directors can appoint any CS/CA on their behalf to close that company. 

The best suggestion is you should contact ROC for doing the same... He can give you the best way out.

it has 7 members only out of which 4 are directors and shareholders ....

hmmmm.........

Any of the shareholder can apply for winding up of the company.

try out easy exit scheme. 

given facts above, seems that there was no statutory meeting held, non holding of statutory meeting is sufficient ground for company to be wound up. 

 

For details, refer to General Circulars No: 6/2010 dated 03.12.2010 and 1/2011 dated 03.02.2011, relating to EES. 

Roc/ court having the power to complusory winding up the compny if the no director given any satisfactory reply to ROC / Court .

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