Companies act
This query is : Resolved
19 April 2013
I want to know how a director of a company, being the managing director can resign his post and forgo his membership and walk out of the company with the investment and returns on it if any. the company is a pvt ltd company and total number of members is 7, registered in financial year 2010-11
Ankur Garg
(Expert)
19 April 2013
First go through the director resignation clause of articles of the company.
Director should convey his resignation and filing of form-32 with ROC is must. Filing of form-32 is the responsibility of the company. He can remain as shareholder of the company and being a shareholder he would not incur any liability.
Director should convey his resignation and filing of form-32 with ROC is must. Filing of form-32 is the responsibility of the company. He can remain as shareholder of the company and being a shareholder he would not incur any liability.
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