Home |Company Registration | If I'm to remove one director and appoint a new director in his stead, what should we do about the shareholding of a resigning director which is 50%. How should i give it to new director?

If I'm to remove one director and appoint a new director in his stead, what should we do about the shareholding of a resigning director which is 50%. How should i give it to new director?

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B Samrish & Co. Company Secretaries B Samrish & Co. Company Secretaries, www.bsamrishindia.com verified
Answered on December 22,2021

At the time of resignation, the resigning director is not required to forgo the shares. Being a director of a company and a shareholder of a company are two different concepts. If a director resigns from the directorship, he still can remain the shareholder of the company. 

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