Employee also a Director

[User_51f0bae5]

U

User_51f0bae5
PARTICIPANT
February 8, 2025 at 6:18 pm

Short and simple. The Employee is now asked to leave by giving notice as per his appointment letter. But he is also a Director(non member). There are two directors in the company and one of the directors is based out of India and is a foreign director. The company is a subsidiary of a foreign company. He was appointed a Director to step up in place of ex directors who resigned in quick succession due to actions brought by enforcement agencies and was as such a Director of convenience( not in the eyes of law though). The company is a regulated industry.

Can the Director be removed without paying any compensation?

Should the employee accept whatever petty severance is being offered or should resist his resignation as a Director?

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[Ashishmaster940]

A

Ashishmaster940
PARTICIPANT
February 9, 2025 at 2:41 am

You are that employee?

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