Ca can change share holding without permission of directors

Querist : Anonymous (Querist) 04 February 2024 This query is : Resolved
Sir/ Mam

If CA have Directors digital signature and directors other documents, is it possible can CA change the shareholding or Transfer to unknown person without director permission

Follow Query

Report Abuse

Quick Summary

This discussion clarifies whether a Chartered Accountant (CA) can change shareholding or transfer shares to another person using directors' digital signatures and documents without their explicit permission. The consensus is that a CA cannot legally make such changes without proper authorisation from the directors or shareholders. Doing so would constitute a misuse of the CA's powers.

kavksatyanarayana (Expert) 06 February 2024
The query is not clear. However, No. He cannot.

T. Kalaiselvan, Advocate (Expert) 09 February 2024
The CA cannot incorporate such changes without any authorisation to do so duly authorised by the directors or the shareholders, it will be considered as misuse of the powers vested in the CA

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries