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harinadha (student)     08 December 2011

Regarding exit and enter the new dir

DEAR EXPERTS,

One of my friend having pvt ltd company in hyderbad started in 2010 march .The company consits of two directors

.one is my friend acting as a  Managing Director and another person acting as Executive Director with equal

Shares (50-50) . still they run the company in formal way . they did'nt pass any  resolution for my friend as '

Managing Director' but my friend as Authorizing signature as Managing Director in all necerrany form 's and

bank  tractions.' is it valid ?if 'it is not valid what should we do now ?.now the Executive Director want quit the 

 

company due to his personal reasons . and one person intersted to enter in to  the company . kindly let me know

the process .if my friend will rsign before the the Executive Director excit .what happened .will the company will

dissolve ,in case the new person is not enterd ?is there any termination method to trminate

the Executive Director



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