Resignation from md post
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2016
Hi,
Am a Managing director of a startup company. Company is not active for more than 10 months due to fund shortage. Total 2 directors including me. And 7 share holders( including we two). Each shareholders have 7-13% maximum. No one have majority. Due to politics company work stopd and am not able to take it forward.
Kindly give me a solution to resign and go out of this firm as soon as.
Pla Note : conducting board meeting or General body is impossible in situation
Am a Managing director of a startup company. Company is not active for more than 10 months due to fund shortage. Total 2 directors including me. And 7 share holders( including we two). Each shareholders have 7-13% maximum. No one have majority. Due to politics company work stopd and am not able to take it forward.
Kindly give me a solution to resign and go out of this firm as soon as.
Pla Note : conducting board meeting or General body is impossible in situation
24 September 2016
YOU CAN FILE A RESIGNATION U/S 168 BUT YOU ARE LIABLE FOR ALL THE ACTS DONE DURING YOUR TENURE. FILE DIR - 11 FOR RESIGNATION
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