private limited company has two director having 50% holding for both. now sir how to transfer the share as well as directorship to another two person. as both director want to retire and transfer the share, so guide me what process i should follow.
Menu
Share transfer and retirement of directr
Replies (3)
Dear Akshay,
Execute the transfer deeds for transfer of shares and send duly executed deeds to company
Hold Board Meeting pass following resolutions:
1. approval of Trasfer of Shares
2. Approve Appointment of Directors (Get consent letters from proposed director ahead of board meeting)
3. Take Note of Resignation of Existing Director (Company should receive resignation letters ahead of board meeting)
4. Company has to file two DIR-12s' since resigning directors cannot affix DSC and Resigning Directors have to file DIR-11.
Sir i am not getting you on 4th point
Can you explain in detail
Thank alot sir for your kind reply
Dear Akshay,
For filing DIR-12 on MCA Portal, One of existing Directors' DSC is to be affixed to form, hence appointment of directors and resignation of directors cannot be done in single form DIR-12, therefore company needs to file two forms.
As per section 168(1) of Act, the resigning director shall also forward a copy of his resignation along with detailed reasons for the resignation to the registrar within thirty days of resignation in form DIR-11.
Hope clarified your doubt.
Recent Threads
- Sale of Mutual fund by NRI
- Why Should Businesses Prioritize SEO?
- Pagdi Room Deposit can be taken as Initial Payment
- Capital gain on Property trf through DanPatra
- Schedule SI is not showing correct tax calculation
- ITR2 AY25-26 new taxregime for salaried employee
- Error mesage in ITR3
- Gst in Turnover
- GST Tax invoice Govt.agency
- CAN ICAI EXAMINER'S REMUNERATION BE TAXED U/S 44AD
Related Threads
CAclubindia
