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Jayanta Bandyopadhyay   05 October 2024

Unlisted public limited company with no md & chairman

The Unlisted Public Limited Company has 4 directors and 7 shareholders.


There is no MD; no Chairman

However, many sections like Sec 134 & AOC4 requires MD's signature.

Should we amend MoA/AOA?

 



Learning

 2 Replies

Jayanta Bandyopadhyay   06 October 2024

Thanks.Sir

Out of 3 directors,  one is housewife and son is new entrant. Father holds 99.9% shares. Does it indirectly implicate him as ULTIMATE POWER CENTRE AND MD.

He calls the shot.

 


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