Hello,
We have a Public Limited Company. So, there must be 3 Directors. We had 9 Directors. Now all the directors have walked out and now I have only 2 Directors. What happens when you have only 2 directors?
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Public limited company directors
Replies (1)
As per Companies Amendment Act 2017 and subject to section 3A of the Companies Act 2013, if the Company carries on a business for more than the period of 6 months and each member of the Company and after the expiry of six months shall be liable for whole of the debts of the Company either severally/individually.
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