Private Limited Company with 4 Directors - 2 in India and 2 of them abroad.
All 4 Directors are also Shareholders.
- India Director (1) - 51.99% shares
- India Director (2) - 0.02% shares
- Abroad Director (1) - 24% shares
- Abroad Director (2) - 24% shares
The majority shareholders want to remove the India Director (2) who holds 2 shares out of 10000 shares (0.02%). this director has refused to resign.
- Can the other majority shareholders just remove this Director without any involvement?
- What are the other ways to remove this Director easily ?
Thank you for immediate response
CAclubindia
