companies act,2013


What happens when all the private company members are died at once?
 
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perpetual succession.
 
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Are you intending to convey that shareholders commence the meeting and elect new director air
 
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In accordance with companies act 2013. If the company is not carrying out its business for specified years . It will be declared as dormant company . Still if no process of. Carrying on business either by legal heirs or any other person . Company will be struck off from ROC
 
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That's ok sir.My question is what's the situation if all the directors of a private company are died at once.....who will be the director
 
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Confirm yourself with specific question. Director and member has difference. If all the directors dies. Members being ultimate owners can conduct meeting themself and appoint directors. If members dies , transmission of right will take place. Where legal heirs will step in to the shoes of died members . If both members n directors dies . The supra comment u can refer to Thanx!!
 
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Thanks a lot sir...i am studying LL.B ....in one of case law question they asked"Does private company ceases to exist if all its directors are died in a accident at once ?

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Advocate

Yes, the company will continue to exist; a company is distinct from its shareholders.


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Thanks a lot venu sir
 
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