Resignation of Directors
This query is : Resolved
Gyaneshwar Sahai
(Querist)
19 January 2008
There are 3 directors in a company, out of which 2 directors want to resign, any how. There are certain, disputes among them and 2 of them don,t want to remain on board, on any cost. How to proceed.
19 January 2008
FOR A PVT. LTD COMPANY MINIMUM 2 DIRECTORS ARE SUFFICIENT AND FOR A PUBLIC LTD. CO. MINIMUM 3 DIRECTORS REQUIRED, .ALSO REFER THE CO. ARTICLES OF ASSOCIATION.
SO FIRST YOU INDUCT NEW DIRECTORS WHO WILL CONTINUE AS PER ABOVE MINIMUM STIPULATION AND FILE FORM 32 FOR THE INDUCTIONS . THEN LET OTHERS (WHO WISH TO) QUIT.THEN FILE FORM 32 FOR RESIGNATIONS
R.V.RAO
SO FIRST YOU INDUCT NEW DIRECTORS WHO WILL CONTINUE AS PER ABOVE MINIMUM STIPULATION AND FILE FORM 32 FOR THE INDUCTIONS . THEN LET OTHERS (WHO WISH TO) QUIT.THEN FILE FORM 32 FOR RESIGNATIONS
R.V.RAO
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