Hi Team,
I am director in a pvt ltd company along with 1 more person and we have shareholding in the ratio of 3:2 . Can you please tell me as per rule, how should the expenses if any in the closure of the company should be shared.
thanks.
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Shared liabilities of directors in company closure expenses
Replies (4)
Quick Summary
A director need not to bear any expense . although you are a shareholder too than expenses should be distributed in mutually agreed. there is no law or procedure to share the expense in ratio.
Thanks @ pritesh . Company does not have money to bear expenses. So I think directors will invest money in the company for this purpose.
What if 1 director has shareholding of ~51% and other has shareholding of ~32% , so in this case as one of of the director has more than half shareholding, is he not liable more to bear expenses ?
No there is no concept of bearing expenses in any case . if possible can you give the company name.
Thanks a lot Pritesh. Do u mean to say there is no concept of bearing more expenses by director having more share holding? I will let u kno the company name in personal chat.
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