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  • Ben
    Participant
    October 7, 2016 at 1:11 pm
    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 7 years, 6 months ago by Ben.
    • This topic was modified 7 years, 6 months ago by admin.
    • This topic was modified 7 years, 6 months ago by admin.
    admin
    Keymaster
    October 11, 2016 at 10:43 am
    Post count: 8
    #1227

    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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