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Resignation In A Sdn Bhd Company Needs To Carry The Debts?

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asked on Jan 3, 2014 at 07:39
by   beckytpp14
May i know if i'm the smallest share holder of 3 person which is 20% and we did pay our capital to start a company. If i would like to resign as a share holder now but according to the current company situation the company is still facing lost. If i resign now do i need to bare 20% of the debts?
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answered on Jan 5, 2014 at 16:27
by   vkpc
You can resign as a Director.
You can resign as a Staff/Exceutive.
You cannot resign from being a shareholder.
You can only sell your shares to another person or company.

Is it a Sdn Bhd company?
How much is the paid up capital and the authorised capital?
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answered on Jan 5, 2014 at 17:41
by   becky
The pay up caputal is RM 50,000 in total so mibe is Rm 10,000.00
The authorised capital is RM 100,00.00.

so if i resign as the director can i still work with others outside?
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answered on Feb 5, 2014 at 01:58
by   vkpc
so if i resign as the director can i still work with others outside?
Why not? You can work outside even if you haven't resigned as a director.
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answered on Feb 6, 2014 at 06:12
by   becky
So if i sell the share to the other partner do i still need to carry the debts?
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answered on Feb 7, 2014 at 20:41
by   Justice for all
As a shareholder, you're only liable for the paid-up capital not yet fully paid, if there is a demand or the company is wound up. For example, if the Authorised Capital is $100,000 and Paid-up is $50,000, there's still another $50,000 that the shareholders have to pay, if there is any demand. and your share is 20% of that. if you sold them, then you're no more the shareholder
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