Director

Querist : Anonymous (Querist) 22 September 2011 This query is : Resolved
Managing Director resigned with immediate effect. For appointing new director we need to hold Shareholder's meeting. But one of our our two shareholders (Overseas) is in liquidation and there is no one to authorize representation.

Is there any other way out. Please Guide

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Sailesh Kumar Shah (Expert) 22 September 2011
please answer following:-
1. How many directors in board?
2. The board accepted resignation of MD?

Querist : Anonymous (Querist) 22 September 2011
There are Two directors on board.
MD has tendered his resignation and has been accepted. But we have not filed form 32

Sailesh Kumar Shah (Expert) 22 September 2011
why you not appointing additional director u/s 260?

If you issue one share to anyone and then hold extra ordinary general meeting to appoint director.

Querist : Anonymous (Querist) 22 September 2011
Dear Sir,

Main problem is we are unable to hold EGM due to unavoidable circumstances.

Sailesh Kumar Shah (Expert) 22 September 2011
you could excercise section 192A, before accepting resignation of md

ESTHERPRIYA (Expert) 26 September 2011
Appointment of Director can be done by board meeting itself why you need to think of shareholders meeting.

Querist : Anonymous (Querist) 27 September 2011
We are in a dead lock situation since we have only one director left. So we are not in a position to hold a board meeting.

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