Remove one director from pvt ltd company

Hi we recently registered our company on MCA and its me and the investor but problem is that the investor don't want to invest into company and i told them that i can manage all by myself so i want to remove that director from company and he will sign all the documents for that.we both holds 50% in company i have few question relating to this condition 1-can i be only 1 director in company 2-if i need to appoint new director then how can i transfer his shares to my side 3-what will be the cost of this process thanks
Replies (5)

Dear ,

1. There should be minimum two director in the Company except OPC.

2. You have to appoint new Director by holding of Board Meeting subject to regularization in subsequent AGM. Then take the resignation letter from the investor director and file the forms.drop me mail on csdiveshgoyal @ gmail.com i will provide you complete process and cost for the same.

1.You can introduce another director or can change to company status to One Person company in case if you want only one director in the company.

2. Yes shares can be transfered 

3. Filling fees is fixed by ROC depending upon Authorised Share capital

All the compliance should be done under the surveillance of Profeessional.

agree with above

thanks

 

its 1 lakh share capital and what are the things we need to do like file taxes etc in a year and how much we need to pay taxes even if we are not doing any business and any transaction thankyou

You need to pay 30.9% of the total profit earned in the company plus 7% surcharge if profit exceeds Rs. 1 crore / 12% if profit exceeds Rs. 10 crore..
 

In case there is no profit, no tax would be payable. But MAT provisions should also be referred to for checking any MAT liability...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details