Dear Experts
Kindly let me know the legal implication on a resignation of a Director
- Does resignation relieve him from his acts and deeds done till the date of his resignation
- Can he get indemnity certficate or bond from the company that company will represent and indemnify him in case of any previous acts?
- If yes why would company do that? Since it is not in favour of the company.
- Further if Company gives such indmnity to ll the directors then who would finally be responsible for actions till the date of resignation?
- What if the Director is Additional Director in above circumstances?
Kindly reply at the earliest and oblige.
Hema
CAclubindia
