Director change
This query is : Resolved
09 October 2013
Dear sir,
Our company has been trading as a Private Ltd Company since 2008 with three director who own equal share i want to resign and start my own similiar business my as both of them are working with public limited comany and i am putting my 100% my main question is - CAN i START OUR OWN COMPANY LEGALLY, in competition with our old company.we have no contract signed orther than MOA and AOA.
Is there any law that he can stop us from trading or sue us as current directors.
Our company has been trading as a Private Ltd Company since 2008 with three director who own equal share i want to resign and start my own similiar business my as both of them are working with public limited comany and i am putting my 100% my main question is - CAN i START OUR OWN COMPANY LEGALLY, in competition with our old company.we have no contract signed orther than MOA and AOA.
Is there any law that he can stop us from trading or sue us as current directors.
09 October 2013
if you have not made "non-compete agreement" other director, no law of land will stop you from forming new company
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