Hi Guys,
Kindly make a reference to - Sec. 259 of Companies Act.
We obtained approval of MCA on 22.11.2011 to increase no. of Directors from 10 to 13 (Public Co). In this order, MCA instructed the Company to implement it within 12 months i.e. by 21.11.2012, Co was required to appoint new 3 directors, which Company couldn't implement.
Now, my question is -
what we (as a CA and/or CS of Company) have to do?
Shall we again perform the same procedure (Application in Form No. 24 >> Public notice in newspaper etc.)
OR anything else?
CAclubindia
