Removal of director of private company

This query is : Open

Akash Lulla (Querist)
Follow

17 January 2012 ABC Pvt Ltd. has 3 directors 2 of them are not Indians and the third one is Indian.

Now the Indian Director wants to leave the company. In this case is company still complying all the statutory requirements.

Ankur Garg

Ankur Garg (Expert)
Follow

17 January 2012 Minimum director for a private company are 2 under section 252 of companies act, 1956.

So if in your case one director resigns then there would be no problem as far as minimum director is concerned. Indian Director can leave the company without any problem.

Akash Lulla

Akash Lulla (Querist)
Follow

18 January 2012 Thank you Sir.

CS SAJU PHILIP MANALEL

CS SAJU PHILIP MANALEL (Expert)
Follow

18 January 2012 Eventhough the matter is showing as resolved, I would like to add a point or two.
As openioned, the Indian director can resign as there will be 2 directors in the Board. However, the company keep in mind the place of Board Meeting, Manner of convening the Board Meeting, Place of keeping the Statutory registers, affixing of the Common seal if Board Meetings are to be held abroad.

regards

CSsaju philip

Message likes : 1 times

CS SAJU PHILIP MANALEL

CS SAJU PHILIP MANALEL (Expert)
Follow