Dispute in directors

Querist : Anonymous (Querist) 11 November 2017 This query is : Resolved
hello all,
A private company having 5 directors. say "A" and his son "B" and "D" and his sons "E" and "F". A and D are bothers and both of them holding 50%-50% shares of the company. now the dispute arises between the two families say A and B (father and son) on one side and other family D, E and F( father and 2 sons) are on other side. My queries are as follows :-

1. Mr. A wants to add his wife say "G" as director of the company which will result in 3-3 directors of both the families in the company, but D,E and F are opposing for the same. now what should be done in this situation and whether sign of all the directors needed in resolution for adding a director????

2. Presently either of A, D or E is the authorised signatory in the bank. now D and his family wants to change the authorised signatories as :- A and either of D and E.........my question is that whether sign of all the directors needed in resolution for change in authorised signatories???

Please remember that A and D are only shareholders of the company with 50-50% share holding.
Waiting for reply
thanks in advance

Follow Query

Report Abuse

Dr J C Vashista (Expert) 12 November 2017
No reply for anonymous author as per rules of this platform.

Querist : Anonymous (Querist) 12 November 2017
Sir with due respect, i have posted one query few months before as anonymous and i have get couple of reply for the same. One more thing option of "post as anonymous" has to be removed.

Guest (Expert) 12 November 2017
No Restriction to Posting as Anonymous

Guest (Expert) 12 November 2017
No Restriction to Post as Guest.

Guest (Expert) 12 November 2017
If Mr JC Vashista is Genuine he could pinpoint where are such rules.

Guest (Expert) 12 November 2017
If some one do not have a reply obviously do not know the reply should ignore the Query than insulting the Querist

Guest (Expert) 12 November 2017
Dear Querist , Since the misunderstanding had started it would be a never ending problem in the long run. E should not have been designated as authorised signatory.Better amicably safe guard your self and come out of the Company.

Guest (Expert) 12 November 2017
Better Discuss with a Local Good Senior Advocate

Rajendra K Goyal (Expert) 12 November 2017
No advice to an author who is anonymous.

You can post the query in fresh thread with your identity and material facts.

Rajendra K Goyal (Expert) 12 November 2017
Expert

You have used the word child and blabbering for me at.

http://www.lawyersclubindia.com/experts/Preliminary-issue-hearing-660761.asp

Such language should not be used.

Rajendra K Goyal (Expert) 12 November 2017
More vague / unwarranted / irrelevant / posts from expert.

Neither it is a good habit nor requirement of the thread to comment on others.

Rajendra K Goyal (Expert) 12 November 2017
Some experts are very serious to increase no. of posts through vague / unwarranted / irrelevant posts. A good method to increase replies without having legal knowledge.

Rajendra K Goyal (Expert) 12 November 2017
Some experts are in the habit of posting cheap comment on me / experts. They should not take pain to send message for feeling sorry and regret to me at least.

Any regret message from anyone embarrasses me. I do not like anybody feel sorry before me and hence feel small. I believe in respect and equality to all.

Guest (Expert) 12 November 2017
What is the link between the issues of appointment of a new director and the change of authorised signatories for bank account?

Also, in what way you are concerned with the affairs of the company about which you raised questions.

Dispute in directors

Similar Resolved Queries :

Download LCI APP

Our Network Sites