Director resignation

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S. RAVICHANDRAN (Querist)
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22 April 2018 ONE OF MY FRIEND RESIGNED DIRECTOR IN THE PVT. LTD COMPANY. ONLY HAVING 20% OF THE SHARE CERTIFICATE. PLEASE LET ME KNOW HIS RESPONSIBILITIES CONTINUES OR CEASES FOR CURRENT LIABILITIES AND LOAN LIABILITIES AFTER RESIGNATION AS DIRECTOR IF HE HAVING SHARE CERTIFICATE.

KINDLY INFORM ROC FORMALITIES AND ALSO ANY INTIMATION IS GIVEN TO SUPPLIERS/BANKERS.

REGARDS
S. RAVICHANDRAN

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 April 2018 1. Not liable for the debts incurred after resignation. No harm in holding shares
after resignation.

2. Resignation letter has to be given to company and director has to e-file form
DIR-11. Then, the company has to convene a board meeting, approve the
resignation and to e-file form DIR 12,

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S. RAVICHANDRAN

S. RAVICHANDRAN (Querist)
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30 May 2018 SIR PLEASE LET ME KNOW HOW TO E FILE THE DIR 11 BY THE RESIGNED DIRECTOR INDIVIDUALLY OR THROUGH THE COMPANY. DIR 12 ALREADY FILED. PLEASE CLARIFY. REGARDS S. RAVICHANDRAN

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