Sacking old......appointing new.....

Sacking old......appointing new.....

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3 Shareholders & Directors of a Private Limited Company, 2 of which want to sack the current accountant and appoint a new one (me). As no audit is carried out can the process be a little less formal than the good old 'AGM/EGM to reappoint the Auditor'?
Mr Q Rius

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By martinfoley07
02nd Aug 2007 11:52

are you saying...
........that the shareholder/directors are split two against one over the issue as to which accountant to have?

What are their respective shareholdings !!! In the final analysis, the shareholders appoint the directors (subject to details in the specific company Articles).

You will in any event need to read the company's Articles to determine who can do what (and the Shareholder Agreement if there is one).

Absent anything specific in them, it is likely that the directors could simply vote 2 to 1 at a "formal" or "informal" board meeting.

But beware............ you have been amply forewarned there could be interesting times ahead if there is a split over an issue like this.

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By User deleted
02nd Aug 2007 14:04

Actually...........
.....it doesn't matter a great deal in this instance as paperwork is being drawn up by the Solicitors tomorrow to facilitate the company purchase of the 1/3rd shareholding (1/3rd each).

Thanks for the advice for future reference though.

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