I’m planning to leave my job as a director in a company. They have assets worth ₹90 lakh and liabilities of ₹70 lakh. If I resign and pay my share of the liabilities, will I be entitled to any of the remaining assets?
1 Answers
Best Answer
Under Indian law, your entitlement to company assets upon resignation is governed by your employment contract and the company’s articles of association. Paying your share of liabilities doesn’t automatically entitle you to any remaining assets, as asset distribution is typically determined by company regulations and shareholder agreements.
Please login or Register to submit your answer
OR