Resignation by director

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Bhagyashri (Querist)
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25 July 2012 HELLO SIR,
PLEASE ANSWER THIS QUERRY URGENTLY IF POSSIBLE.

IN ONE PRIVATE COMPANY HAVING TWO DIRECTORS "A" AND "B", "A" WANTS TO RESIGN "B" IS NOT READY TO ACCEPT HIS RESIGNATION.

BESIDES FOLLOWING REGULAR PROCEDURE FOR RESIGNATION OF DIRECTOR AS PER PROVISIONS, WHAT IS THE ADDITIONAL SOLUTION AVAILABLE TO "A"?

Ajay Mishra

Ajay Mishra (Expert)
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25 July 2012 Hi

In Case the director of the company is less than two or the no. of director fix for the quorum, then the remaining director (continuing director or directors) may act for the purpose of increasing the no. of directors to that fixed for the quorum or summoning a general meeting of the company, but no for other purpose.

Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.