Krishna Private Ltd., having 3 directors has obtained status of Dormant Company in year 2019. The Board of Directors seeks your advice about the compliances needs to be done in respect of each of the following: (i) One o
CS Executive · Setting up of Business Entities and Closure · PYQS · December 2021
Krishna Private Ltd., having 3 directors has obtained status of Dormant Company in year 2019. The Board of Directors seeks your advice about the compliances needs to be done in respect of each of the following: (i) One of the Director who is also shareholder holding 15 percent shares in Company wants to retire from post of directorship of the Company and also wants to transfer his entire shares.
Answer & Explanation:
As per provisions of Section 455 of Companies Act, 2013 read with Rule 3 to 8 of Companies (Miscellaneous) Rules 2014 the Directors of Krishna Private Ltd. are required to carry out following compliances in respect of: Company shall continue to file the return or returns of allotment and change in directors in the manner and within time specified in the Act, whenever the Company allots any security to any person or there is any change in the directors of the Company. Further, in case a director wishes to transfer his shares, he may do so subject to compliance with the provisions in the Articles and the Companies Act, 2013.
Topics: Company Law
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