Director liability

This query is : Resolved 

29 May 2015 Dear friends,

a private limited co. in which two director are equally hold share capital of Rs. 50000/- each . one director on them want to transfer his share capital to second director and also wants to resign from director office.

my question is whether the director who wants to resign and transfer hi share is liable in future for any activity done by the company in past before his resignation.

Thanks

02 June 2015 Yes.. Director will always be liable for his acts done in the Company during his tenure. There are many judgements on this too.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries