What will happen to the shares of an outgoing Director of a pvt ltd company, if the MD & the Director do not agree on the payment schedule?
Sanjay Sharma (CMD) (40 Points)
05 March 2010What will happen to the shares of an outgoing Director of a pvt ltd company, if the MD & the Director do not agree on the payment schedule?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 05 March 2010
Nothing will happen. In the absense of transfer formalities the outgoing director will remain the shareholder of the company.
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