Resignation of a director
This query is : Resolved
DIVYESH JAIN
(Querist)
16 February 2015
Dear All,
There is a company of 2 Directors which was formed as per Companies Act, 1956.
Now 1 director in the company wants to resign. My question is, can a company run with 1 director since the Companies Act, 2013 is now applicable and whats the process for the same.
Thanks,
Divyesh Jain
There is a company of 2 Directors which was formed as per Companies Act, 1956.
Now 1 director in the company wants to resign. My question is, can a company run with 1 director since the Companies Act, 2013 is now applicable and whats the process for the same.
Thanks,
Divyesh Jain
16 February 2015
NO...Every Private company must have atleast 2 and Every Public company shall minimum have 3 directors. however, 6 months maximum time period to comply with the provisions of minimum directors for the company. in the absence of the above criteria the company and the authorised person shall deemed to be in default and has to pay penalty
DIVYESH JAIN
(Querist)
17 February 2015
Dear Sir,
Thanks for your reply, but then, what about the new provision which states that a company can be formed with 1 director
Thanks for your reply, but then, what about the new provision which states that a company can be formed with 1 director
Chetan Patankar
(Expert)
17 February 2015
That is possible in case of One Person company. Every other private co. Shall have at least 2 directors.
DIVYESH JAIN
(Querist)
17 February 2015
Ok, so is there no way I can covert this company into One Person company.
Chetan Patankar
(Expert)
17 February 2015
Yes.. Conversion is possible.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
