Dear Sir
Pvt LTD company started with 3 promoters/directors and subsequently 2 promoters resigned from The directorship and holding the shares to the tune of 70%.
Subsequently third director has apponted the additional director, which was not taken the approval of shareholders are not regularised.
No AGM has been conducted till date and accounts has not been presented. In the meantime the third director has filed a false criminal case against one of the shareholder for cheque bouncing, in the capacity of the director.
What are the solutions available for the 2 shareholders to avoid such sort of misdeeds by the existing directors.
Please provide the provision under Companies ACT.
Brgds
