What will happen to a company with two directors if both of them die?

//What will happen to a company with two directors if both of them die?
What will happen to a company with two directors if both of them die? 2016-10-11T10:38:56+00:00

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  • Ben
    Participant
    Post count: 6
    #1222 |

    Two of my friends started a private ltd company and they both were the directors. They went together for a tour and died in an accident. What will happen to this company?

    • This topic was modified 1 year, 1 month ago by  Ben.
    • This topic was modified 1 year, 1 month ago by  admin.
    • This topic was modified 1 year, 1 month ago by  admin.
    admin
    Keymaster
    Post count: 8

    Hi,

    Other shareholders (members) of the company can appoint new directors. In case, if both the deceased directors were the only two shareholders of the Company, their legal heirs can appoint new directors as the legal heirs will be the ultimate owners.

    Please do not hesitate to contact info@spicylaw.com or call +91-9585776007 for further assistance.

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