LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Change of director - procedure

Shri Shri (Professional) (629 Points)

03 March 2012

A & B are Directors holding 50% each share. Now B retires & transferred her share of 50 % to A. Now A is holding 100% & he appoints C as addl director with 25% from his share. Now the % of holding is A-75% & C - 25% .

I have obtained resignation & appointment letter & share transfer papers

I want to know what all procedures & steps to be followed & action, forms to be filed with MCA .

Kindly resolve

Reply
Follow
Share

2 Replies

pramod yadav (Company Secretary) (150 Points)
Replied 06 March 2012

dear shri...

first register your transfer then file the form for resignation of director after that file form for appointment and put the name of director in register of member .

if you having any problem then mail me or contact me.

regards,

pramod yadav

9833394724

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 19 March 2012

File form 32 for the appointment of Mr. C and then File Form 32 for the resignation of Mr. B with the concerned ROC. Thereafter you have to proceed for register of share transfer by putting the entries in teh Share transfer deed and affixing the requisite share transfer stamps over the share transfer deed. Issu teh share certificate to the new share holder and then register the name of Mr. C as Director in Register of Director and in Register of Member as he is now the share holder of the company. At tiem of annual filing, record the transfer of shares in annual return.