liquidation of Pvt. Co.

Querist : Anonymous (Querist) 31 December 2010 This query is : Resolved
The Pvt.company is formed with the Four Directors on Bosrd. Two of them are foreign Directors having 52% in the Share Capital of the Co. and other two are indian directors having 48% in the share capital of the Co.
Question: Can the foreign Directors having 52% in the Share Capital wind up the Co. by passing a Spl.resolution without the conscent of the Indian directors

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Advocate. Arunagiri (Expert) 31 December 2010
3/4 majority is needed for passing a special resolution.

s.subramanian (Expert) 01 January 2011
No. It cannot be done. I agree with Mr.Arunagiri.

Kirti Kar Tripathi (Expert) 02 January 2011
Agree with experts.

Querist : Anonymous (Querist) 11 January 2011
To all the experts in the panel:

First of all sorry for the late reply,

I thank all the experts for their valuable suggessions.

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