Recourse(except winding up) in case 3/4 directors resign.

Sanyukta B (Student Others) (30 Points)

26 November 2012  
Dear All, In a Private Company 3 out of 4 directors have resigned (the minimum requirement being 2). In such a situation what recourse/solution is available to the stakeholders/shareholders to continue running the company and NOT let it get wound up. Also how long can such a situation legally persist? Thank you! (an urgent reply shall be deeply appreciated)