Can any one help me please.
Asha
(Querist) 17 March 2012
This query is : Resolved
Please find below query and if possible please give the solution.
A private limited company, having two directors Mr.A and Mr.B and those two directors are the subscribers of the memorandum of association. The company does not have any shareholders. As on date the directors designations are Mr.A Managing director and Mr.B director. The company has increased its capital but it has not allotted any shares and there are no shareholders in the company. As they both got some disputes and now Mr.A, Managing Director wants to remove Mr.B Director of the company.
Can any one give the solution.
Regards,
A V Vishal
(Expert) 17 March 2012
The company will default in case the number of directors fall below the stipulated number of 2 directors, hence it is necessary to appoint a new director before the other director is removed, further it is not clear from your query whether the director B will continue to hold shares in the company.
Guest
(Expert) 17 March 2012
Dear Asha,
I suppose this is a repeated query posted after some months of original query.
However, you are a properietor of some firm and asking question about some company. So, can I know, what actually is the link of the present problem with your position as proprietor?
Secondly, it is not understood, how the (share/subscribed) capital was increased without making any subscription by any Director cum shareholders? You have not mentioned whether the nature of increased capital is "Authorised Capital" or "Subscribed Capital."
V R SHROFF
(Expert) 17 March 2012
Academic Query,
Is it genuine problem, faced by which Co.> where when , who is Director
