Dear Sir
The directors who has resigned from the company are still shareholders of the pvt ltd company. No transfer of shares has been effected. The company has appointed 2 additional directors, which has not been approved by the 2 share holders out of the 3 directors/promoters. Are the company bind to provide the financial statments to the resigned directors/shareholders.
What are the powers of the additional directors and the liablity of the company. For your information, no returns or reports have been filed with MCA.
what are sections relating to the above case in corporate law.
abs
CAclubindia
