COB not obtained, share capital not paid subscriber not ready to pay for share capital

A company was incorporated  in May 21. Post that, Due to conflicts between the directors the company, all of 3 directors refused to pay any amount. 

Further,

No Current account is opened

No Commencement  of Business was filed 

1 director had resigned in December 21 and another in July 22. 

What can be done in such case?? 
Replies (2)
Quick Summary
This discussion addresses a company incorporated in May 2021 where directors refused to pay share capital due to internal conflicts. Consequently, no current account was opened, and the Commencement of Business (INC 20A) was not filed. Two directors resigned without this crucial filing, raising questions about the validity of their resignations. The core issue is how to proceed when share capital remains unpaid and directors are unwilling to cooperate, especially with resignations occurring in a non-compliant manner.

how did the director resign because without INC 20 A, neither DIR 12 can be filed nor DIR 11

If there are business disagreements and all the Directors have similar % of shareholding, then nothing can be done.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details