I am a director in a private limited company. The other director is my husband. He is closing down the business but from my limited understanding of these matters, he says that even if you close the business the company cannot be just shut down as it is a pvt ltd co. Due to domestic discord and not wanting to be involved anymore (i was hardly involved or informed anyway) i wish to resign as director. he does not tell me what my 50% holding is worth. It may be worth nothing. I may also be liable if there are any liabilities. What should I do? Should I insist on obtaining copies of all the documents and show them to a lawyer to understand my situation? He may not be willing to give me but surely as a director/shareholder I have that right? Should I resign just by giving a simple letter or resignation?
Some basic advise would be welcome , if only to point me in the right direction,
Thank you in anticipation
R
CAclubindia
