I am the director in my company with 50% shares, there is the other director who is also the chairman. Since my company is running in losses I would like to quit and find myself a job. What would be the procedures involved. Ours is a software company and we have sold certain products to customers. There is a chance that the other director continues the company or that he may close it down, I would leave the option to him.
Agree wid Gourav...in case u want anything in lieu of ur 50% shares ask the other director ...negotiate and if he want to get the company closed then go for fast tract exit i.e strike off simple procedure.