Resigination of a director

DEAR SIR,

I NEED YOUR ADVICE ON THIS MATTER FOR A FRIEND OF MINE.

DIRECTORS 1 2 3 4 STARTED A PVT FIRM IN 1995. 

DIRECTOR 1 WAS THE MANAGING DIRECTOR AUTHORISED TO SIGN CHEQUES.

DIRECTOR 2 WAS APPOINTED  AS A PROJECT CO ORDINATOR 

DIRECTOR 2 RESIGNED.THE LETTER OF RESIGNATION WAS ACCEPTED AND DIRECTOR 2 MOVED MOVED ON TO A DIFFERENT JOB.

NOW  AFTER NEARLY 15 YEARS    DIRECTOR 2 GOT A COURT SUMMONS THAT DIRECTOR 1+3+4 HAS TAKEN SOME FINANCIAL  ASSISTANCE , BUT THE CHEQUE IS BEING BOUNCED.( DIRECTOR 2 WAS NOT AWARE OF THE FINACIAL DEALINGS OR ANY OTHER ACTIVITES TILL NOW AS HE HAD NO RELATIO SHIP AT ALL.) 

MY QUESTION WILL DIRECTOR 2 BE LEGALLY LIABLE FOR THE CONDUCT OF ACTIVITES OF DIRECTOR 1+3+4,

SINCE DIRECTOR 2 NOTICED THAT THE COMPANY( DIRECTOR 1) HAS MERELY ACKNOWLEDGED HIS RESIGINATION LETTER, 

AND GAVE A RELEVING LETTER BUT FAILED TO FILL UP FOR NU 132 AND INFORM ROC.  

WILL DIRECTOR 2 BE LEGALLY LIABLE MERELY ON THE NEGLIANCE PART OF DIRECTOR 1 AS HE HAS FAILED TO INFOR THE ROC.

PL ADVICE