Corporate

ssbhar (Querist) 15 April 2015 This query is : Resolved
“A” IS HAVING 98 % SHARTEHOLDING IN A PRIVATE LIMTED CO . “B” IS NOT HAVING ANY SHAREHOLDING . C IS HAVING 1.50% SHAREHOLDING . A & B WE WERE DIRECTORS . “ B” EXPIRED . “A “ APPOINTED “ C “ AS DIRECTOR . DISPUTE AROSE BETWEEN “A” AND “C” . MY QUERY :

1) CAN “A” CALL THE MEETING OF SHAREHOLDERS AND IF “C” DOES NOT ATTEND THE MEETING CAN ANY RESOLUTION BE PASSED BY THE SINGLE SHAREHOLDER HAVING 98% HOLDING ? IF YES , THEN UNDER WHAT PROVISIONS OF LAW?

2) CAN “A” AS A MAJORITY SHAREHOLDER APPOINT SOMEBODY ELSE AS DIRECTOR IN THE EGM AND REMOVE “C” FROM THE DIRECTORSHIP OF THE COMPANY IN THE EGM ITSELF ?

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