Share certificate transfer
This query is : Resolved
19 January 2023
Respected Experts
A few years ago I was a director of a company. I have resigned as director. Submitted to MCA. But I did not transfer the share certificate. If a company director commits fraud or does not pay taxes, are shareholders liable?
Thank You
A few years ago I was a director of a company. I have resigned as director. Submitted to MCA. But I did not transfer the share certificate. If a company director commits fraud or does not pay taxes, are shareholders liable?
Thank You
20 January 2023
Share holders not liable only directors liable.
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20 January 2023
Thanks for the response sir.
I have discussed the same with the lawyer. If a person has a share certificate, he should attend the board meeting, he said. If any mistake is made by the directors. Share holder have to notice issue, it is the responsibility of the shareholders. But I am not attending any meeting. The current director does not hold any stake. He has not paid any tax for 3 years. Now the case has been transferred to court. He is not attending.
I have discussed the same with the lawyer. If a person has a share certificate, he should attend the board meeting, he said. If any mistake is made by the directors. Share holder have to notice issue, it is the responsibility of the shareholders. But I am not attending any meeting. The current director does not hold any stake. He has not paid any tax for 3 years. Now the case has been transferred to court. He is not attending.
20 January 2023
Only directors can attend board meeting not the share holders.
Only directors responsible for any legal issues.
Only directors responsible for any legal issues.
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20 January 2023
Thank You Sir........
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