Resignation of director

This query is : Resolved

Kushal Solanki (Querist)
Follow

04 April 2012 Sir,

I want to know the liability of the Director, who is resigning from a pvt Ltd Company by Voilating the provisions of Section 252 of the Companies Act, 1956. Can he do so? if, no what are the legal provisions? If he still resigns by giving resignation letter to the other director, what are the steps to be suggested for the other Director.

will he be as deemed to be the director of the company under section 254 Companies Act, 1956?

Kindly provide the applicable provisions.

Regards,

Kushal

Ajay Mishra

Ajay Mishra (Expert)
Follow

04 April 2012 Hi

If a director of a company is less than quorum means less than 2 then remaining director appoint director to comply the quorum or call a general meeting and not for other purpose in accordance with Reg 75 of Table A of Schedule I of Companies Act, 1956.

Message likes : 1 times

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

07 April 2012 I director cannot skip from his misdeeds during his directorship and run away with the liability during his period. Even if he resigns he is liable for all misdeeds.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. Urmila Mahalwal

Dalbir Singh Wadhera

Rajesh

RAGHUNATH KASIBHOTLA

SARAVANAN PALANISAMY

Subscribe Now

Resignation of director

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Article Assistant

Accountant

GST CONSULTANCY

CA Final