Removing the director from the company
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2017
hi,
we started the company on last sept with four directors. all the directors have the equal shares. Now i wanted to run the company since the other two directors want to quit the company. they are ready to transfer the shares to me at no cost since company is not making anymore revenue. but one condition is they don't want the other one director to be in the company. they wanted me to take over the whole company. what are the possible ways to remove the director who is not willing to resign from the company.i don have the money to settle since i need to reinvest and run the company. kindly do the needful
thanks
we started the company on last sept with four directors. all the directors have the equal shares. Now i wanted to run the company since the other two directors want to quit the company. they are ready to transfer the shares to me at no cost since company is not making anymore revenue. but one condition is they don't want the other one director to be in the company. they wanted me to take over the whole company. what are the possible ways to remove the director who is not willing to resign from the company.i don have the money to settle since i need to reinvest and run the company. kindly do the needful
thanks
RICHA KUMAR
(Expert)
11 August 2017
Removal can only be done through court! It's a long proceeding and time consuming process
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