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What will happen if one director has resigned from a non compliant Pvt Ltd company

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Sandeep Singh

21 Points Posted on 26 February 2024

What will happen if one director has resigned from a non compliant Pvt Ltd company and there is only one director left. The company is non operative since 10 years and not filed any balance sheet as not doing any business. It was missed to close the company on that time. Now it has lot of compliance issue and penalties. The status of company is Active - non compliance.

Any procedure to appoint new director or strike of company without paying penalties as not doing any business.

Replies (4)

Quick Summary

This discussion explores the implications when a director resigns from a private limited company that has been non-operational and non-compliant for ten years. With only one director remaining, the company faces significant compliance issues and penalties. The core question is whether it's possible to appoint a new director or strike off the company without settling these outstanding penalties, given the lack of business activity.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 26 February 2024

@ Sandeep Singh,

As per Your query one director is resigned. After that one director is available... Right...???

What about other shareholders....??!