Dear Mr. Ankur Sir,
Ours is a closely held public limited compnay incorporated in the year 1946. There are about 5000 shareholders Most of the shareholders are now either non exsting or migrated from their places or the next generation is not responding. In this case, there is no provision in the compnaies act either as to trace out the shareholders or to bar from sending notices/ annual reports perodically to such shareholders. This printing and mailing cost alone is huge. Is there any alternative ways in this acute business recession to reduce cost. Pl suggest me.
CAclubindia
