Directors status after selling all his shares
This query is : Resolved
19 August 2016
Hello All,
A company ABC has 2 directors A and B holding 50% shares. Now they are selling all those shares to other company say XYZ . A and B are already directors of XYZ. Now XYZ intends to appoint A and B as directors in ABC.
So my question is whether A and B has to resign first and then again appointed by XYZ. or no need to do anything
A company ABC has 2 directors A and B holding 50% shares. Now they are selling all those shares to other company say XYZ . A and B are already directors of XYZ. Now XYZ intends to appoint A and B as directors in ABC.
So my question is whether A and B has to resign first and then again appointed by XYZ. or no need to do anything
19 August 2016
I am sure you are aware of the difference between Share Holder and Director....
In the query, you said they are no more share holders.......
Are they having any pre condition as to the becoming the Director of that company? (Which normally is....e.g. qualification shares etc...)
In the query, you said they are no more share holders.......
Are they having any pre condition as to the becoming the Director of that company? (Which normally is....e.g. qualification shares etc...)
19 August 2016
Hello Amol Sir,
thanks for Reply.
There is no pre condition to hold qualification shares.
thanks for Reply.
There is no pre condition to hold qualification shares.
19 August 2016
Hello Amol Sir,
thanks for Reply.
There is no pre condition to hold qualification shares
thanks for Reply.
There is no pre condition to hold qualification shares
19 August 2016
then what is the problem? A and B are already directors in the company.....
at the most their ROLE, JOB profile might get changed...
at the most their ROLE, JOB profile might get changed...
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