three family members as directors in pvt ltd company- one promoter director with 50% shareholding wants to resign-
Q.1: can he remain shareholder with same % after resignation??/
Q.2 if no, how can he transfer his shares to another director and if any additional payment has to be made other than face value of his shares??
Yes, he can remain a shareholder even after resigning from directorship...
yes, ramesh the resigning director can continue with his shareholding in the company.
N J Suresh & Associates
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