Hello,
We have a Public Limited Company. So, there must be 3 Directors. We had 9 Directors. Now all the directors have walked out and now I have only 2 Directors. What happens when you have only 2 directors?
1 Replies
Jatin Bajaj
(CS)
(2930 Points)
Replied 20 July 2019
As per Companies Amendment Act 2017 and subject to section 3A of the Companies Act 2013, if the Company carries on a business for more than the period of 6 months and each member of the Company and after the expiry of six months shall be liable for whole of the debts of the Company either severally/individually.
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