Resignation of orignal directors.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2012 If out of original 3 subscribers to memorandum 2 are resigning from a pvt ltd company and new 2 directors are joining what will happen to shares subscribed by original 2 subscribers to memorandum ?? will shares subscribed by them also need to be trfd to new appointees?? explain considering resignation of old would be followed by appointment of new directors...

CS. DISHA SHAH

CS. DISHA SHAH (Expert)
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30 June 2012 Hello as that two directors have subscribed their shares, they are also called members of the company, now they are resigning from their directorship,,,its doesn't affect their membership in the Company, if they don't want to held the shares ,, they can transfer the same,, to new directors or anyone depend what they want to do,,