The company X has 2 shareholder with A and B. A has 60% of shares and B has 40% shares. Now B is not taking any interest in company after few days of incorporation and not paying his part of share capital. A has fully subscribed his part of 60% shares and running the company. There is another person C who is only the director in company without any shareholding.
The issue is that B is neither taking any interest in company nor responding any mails and nor receiving the phone calls of A & C. Company has sent him a notice with a time period of 21 days to pay the share capital fully but he has not responded and neither he is resigning nor responding any communications.
What are the way to remove him from company and assign his part of shares to C. There is documentary evidence (as emails and registered letters) to prove that he is not responding and not taking any interest in company.
Thanks for your help!
CAclubindia
