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Want to know procedure for demerger and removable of director
02-Jan-2023 (In Corporate Law)
We are looking for demerger and director removal procedure. Currently, we have 3 director in our company but 1 director holding 24% is not working from last 9 months and he is also involved in conflict of interest activity. He is not ready to negotiate or sell the equity. We need to remove him and get the equity back. We can remove him as a director as we have got 76% equity but how can we get the equity back.
There is no way to get your equity back as it is the discretion of the person who is holding and further we would like to see the Merger agreement b/w the two companies.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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