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minimum members
in a public company there are 7 members...now one member sell shares to other member of the company due to which no. of members are now 6...this becomes illegal as per section 3....so now what are the remedies available for the same??
Replies (5)
Dear Naveen Aggarwal,
Under the Companies Act, 2013, there is no such provision if in public company the number of members reduced from minimum statutory limit.
But if it happens then it is advisable to increase the number the numbers of members to 7 within 6 months.
Thanks and Regards
CS Divyam Parbhakar
Practicing Company Secretary
Divyam Parbhakar & Associates
Mobile No: - 9877620329, 8699630920
Email: Divyamparbhakar @ gmail.com
Add: 2nd Floor, Sohan Complex, Backside BSNL Exchange,
Near Bharat Nagar Chowk, Mall Road,
Ludhiana – 141001(PB)
within how many days...is there any provision as such??
There is no such provision in Companies ACT, 2013
It is advisable to Comply with minimum Limit asap.
it can be exceeded if Special Resolution is passed @ tejas tak
which section
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