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Resignation of director

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(Querist)
27 January 2017 There are three directors in a private limited company, two of them wants to resign from the company. Can they do so? If yes then what will be the best possible way to do the documentation?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 January 2017 Do as follows if AOA permits.

1. Appoint another individual as 'additional director'.

2. Then existing two directors may resign.
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Pranay Patel

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Pranay Patel (Querist)
27 January 2017 Sir, there is no one to appoint.



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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 January 2017 Then section 172 will attract.

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