Director liability
This query is : Resolved
29 May 2015
Dear friends,
a private limited co. in which two director are equally hold share capital of Rs. 50000/- each . one director on them want to transfer his share capital to second director and also wants to resign from director office.
my question is whether the director who wants to resign and transfer hi share is liable in future for any activity done by the company in past before his resignation.
Thanks
a private limited co. in which two director are equally hold share capital of Rs. 50000/- each . one director on them want to transfer his share capital to second director and also wants to resign from director office.
my question is whether the director who wants to resign and transfer hi share is liable in future for any activity done by the company in past before his resignation.
Thanks
02 June 2015
Yes.. Director will always be liable for his acts done in the Company during his tenure. There are many judgements on this too.
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