{"id":49859,"date":"2026-10-22T12:21:00","date_gmt":"2026-10-22T06:51:00","guid":{"rendered":"https:\/\/www.kanakkupillai.com\/learn\/?p=49859"},"modified":"2026-10-22T12:23:39","modified_gmt":"2026-10-22T06:53:39","slug":"co-founder-exit-after-company-incorporation-process-compliance","status":"publish","type":"post","link":"https:\/\/www.kanakkupillai.com\/learn\/co-founder-exit-after-company-incorporation-process-compliance\/","title":{"rendered":"What Happens If Your Co-Founder Wants to Exit the Company After Incorporation?"},"content":{"rendered":"<p>A co-founder can leave at any time, but leaving as a director and leaving as a shareholder are two separate steps. Resigning from the board does not transfer shares. The exit is completed by a share transfer or buyback (or retirement from a firm or LLP), the required statutory filings, and a written settlement that clears money, IP and liabilities.<\/p>\n<p>Founder separation, often referred to as separation post-incorporation, is a legal activity where one of the founders leaves a business that has been incorporated. This can happen due to a difference in company vision, financial reasons, personal reasons, inequality of contribution, or change in professional goals. Although the role of co-founders in the founding and running of a firm cannot be undermined, their continuous involvement may not always be practical in the growth stages of the business.<\/p>\n<p>Co-founder separation in India varies on the basis of legal and financial aspects related to the kind of business entity involved. This could range from a <a href=\"https:\/\/www.kanakkupillai.com\/private-limited-company-registration\">private limited company<\/a> to a <a href=\"https:\/\/www.kanakkupillai.com\/partnership-firm-registration\">partnership firm<\/a> or even a <a href=\"https:\/\/www.kanakkupillai.com\/limited-liability-partnership\">limited liability partnership<\/a>. Such separation may entail considering the terms of the founders&#8217; agreement, share transfer, financial interest resolution, obtaining necessary approvals, and filing of statutory documents. A good separation will not only protect the interest of the exiting founder but also that of the remaining founders, investors, and the business entity itself.<\/p>\n<div class=\"kp-quick-summary\">\n<p class=\"kp-quick-summary__title\">Quick Summary<\/p>\n<p>If your <strong>co-founder wants to exit the company after incorporation<\/strong>, the process depends on the company&#8217;s legal structure, shareholding arrangement, Articles of Association and any founders&#8217; or shareholders&#8217; agreement. For a private limited company, the exit may involve transferring shares, resigning as a director or both. Completing the required documentation and statutory formalities helps protect the company and its remaining founders.<\/p>\n<ul class=\"kp-quick-summary__list\">\n<li><strong>Review existing agreements:<\/strong> Check the Articles of Association, shareholders&#8217; agreement and founders&#8217; agreement for exit clauses, transfer restrictions and valuation terms.<\/li>\n<li><strong>Decide the exit method:<\/strong> Determine whether the co-founder will transfer shares to an existing shareholder, sell them to another eligible buyer or follow another legally permitted arrangement.<\/li>\n<li><strong>Agree on share valuation:<\/strong> Document the agreed price and payment terms, considering any contractual restrictions and applicable legal requirements.<\/li>\n<li><strong>Complete share transfer formalities:<\/strong> Prepare the required transfer documents, such as Form SH-4 where applicable, and follow the company&#8217;s procedures and statutory requirements.<\/li>\n<li><strong>Handle director resignation separately:<\/strong> If the co-founder is also a director, complete the resignation process and applicable MCA filings, including Form DIR-12 where required.<\/li>\n<li><strong>Update company records:<\/strong> Maintain the register of members, shareholding records, board documentation and other statutory records, and check whether additional filings are necessary.<\/li>\n<\/ul>\n<p class=\"kp-quick-summary__cta-text\"><strong>Is your co-founder planning to exit your company?<\/strong><br \/>\nGet professional assistance with share transfers, director resignation, company documentation and applicable MCA compliance to manage the transition smoothly.<\/p>\n<p><a class=\"kp-quick-summary__button\" href=\"https:\/\/www.kanakkupillai.com\/private-limited-company-registration\">Talk to Our Experts<\/a><\/p>\n<\/div>\n<h2>Who is a Co-Founder?<\/h2>\n<p>A co-founder is defined as someone who works together with other individuals to establish and build a business venture, a company or an enterprise from scratch. The role of the co-founder involves coming up with the concepts of business, financing, expertise, resources and help that will help the business develop.<\/p>\n<p>This role may involve coming up with business plans, managing the business, getting funds, recruiting the right people for the business and establishing connections with the customers, investors and other parties involved. Some of the co-founders may even own shares of the business and be involved in managing and making decisions about the business.<\/p>\n<p>The co-founder may work as the business director, partner or designated partner depending on the type of business. However, the concept of a co-founder does not involve the legal status, rights and management positions, as these may depend on the law, incorporation of the business and agreements. In case the co-founder withdraws after the business is incorporated, the business must take care of the rights, agreements and duties of the co-founder.<\/p>\n<h2>Common Reasons For Co-Founder Exit Post-Incorporation<\/h2>\n<p>The exit of co-founders after incorporation is very common among startups and even established businesses because of differences in expectations, goals, and individual matters.<\/p>\n<ol>\n<li><strong>Different Business Philosophy:<\/strong> There may be conflicting viewpoints on how the business will grow, customers, expanding the business, and future directions for the company among the founders, which may hinder collaboration.<\/li>\n<li><strong>Financial Disagreements:<\/strong> There could be disagreements between the founders about salaries, profit shares, equity, decision-making, and other business-related issues.<\/li>\n<li><strong>Imbalance in Workload, Commitment, and Productivity:<\/strong> If a founder feels like they are doing more in terms of work and contribution to the business, then they can opt out of the business.<\/li>\n<li><strong>Personal or Family Matters:<\/strong> The departure of a founder from the business operations may result from personal and health matters, family obligations, and relocation.<\/li>\n<li><strong>Bad Professional Relations:<\/strong> Disagreements and quarrels may create bad relations and affect business operations.<\/li>\n<li><strong>Disparity in Risk Tolerance Level:<\/strong> The difference between the co-founders about raising money, borrowing, expanding or entering into a new market could be because of the risky nature of doing business.<\/li>\n<li><strong>Availability of Other Career Options:<\/strong> One of the co-founders may choose to venture into other career options or even start another business where they have better opportunities.<\/li>\n<li><strong>Poor Performance by Company and Investors&#8217; Issues:<\/strong> Poor performance by the company or its inability to meet its targets, or even problems with the investors on strategy and management, could lead to founder departure.<\/li>\n<li><strong>Breach of Agreement or Conduct Issues:<\/strong> There could be disputes arising from breach of contract or conduct issues.<\/li>\n<\/ol>\n<h2>Legal Framework For Co-Founder Exit After Incorporation In India<\/h2>\n<p>The regulatory environment regulating exits of co-founders in India depends on the nature of the business firm, contract terms and regulations.<\/p>\n<ol>\n<li><strong>Founders&#8217; agreement:<\/strong> This is an agreement that defines the rights, duties, shares owned, exit rules, dispute resolution, and restrictions among the co-founders. This agreement is considered the starting point for deciding on the exit. Look for vesting, good leaver and bad leaver clauses, since they decide how much of the founder&#8217;s equity he or she keeps on leaving.<\/li>\n<li><strong>Shareholders&#8217; Agreement (SHA):<\/strong> In case of a corporation, the SHA can include the provisions relating to share transfers, repurchase, right of first refusal, tag along, drag along and exit valuations. The enforceability of such terms will depend upon the laws and fundamental documents of the company. Where investors have come in, a founder&#8217;s share transfer usually needs their consent.<\/li>\n<li><strong>Companies Act 2013:<\/strong> The Act deals with matters related to the sale of shares, repurchases, approval from the board of directors and other business operations of the firm. Sections 68-70 relate to the repurchase, and Section 56 covers the <a href=\"https:\/\/www.kanakkupillai.com\/learn\/share-transfer-meaning-procedure-time-limits-and-penalties\/\">transfer and transmission of securities<\/a>. A director&#8217;s resignation falls under Section 168, and the Articles of Association of a private company often restrict who can buy the shares.<\/li>\n<li><strong>Indian Contract Act 1872<\/strong> will regulate the contractual obligations of the co-founders, such as notice periods, confidentiality, non-solicitation, indemnities and exit payments. A non-compete that applies after the founder leaves is generally void under Section 27, unless it is tied to the sale of goodwill or shares and is reasonable in scope and time.<\/li>\n<li><strong>Sections 32 and 37 of the Indian Partnership Act of 1932<\/strong> control the <a href=\"https:\/\/www.kanakkupillai.com\/learn\/retirement-deed-in-partnership-firm\">retirement of a partner<\/a> and some rights of departing partners for conventional partnership businesses. The partnership agreement normally specifies exiting conditions, account settlement, and continuing responsibilities. A retired partner stays liable for the firm&#8217;s acts until public notice of the retirement is given.<\/li>\n<li><strong>Limited Liability Partnership Act 2008:<\/strong> For LLPs, Section 24 supervises the termination of partnership interest, including notice requirements where no agreement specifies the leave procedure (a written notice of at least 30 days). Statutory reporting requirements and the LLP agreement have to be evaluated. See how a partner can cease to be part of an LLP in <a href=\"https:\/\/www.kanakkupillai.com\/learn\/how-can-an-existing-partner-cease-to-be-a-partner-of-an-llp-agreement\/\">LLP partner exit<\/a>.<\/li>\n<li><strong>The leaving co-founder&#8217;s rights<\/strong> to trademarks, software, patents, business data, and other intellectual property have to be expressly stated. The confidentiality obligations, as well as the assignment or ownership of intellectual property.<\/li>\n<li><strong>Valuation, Settlement, and Taxation:<\/strong> The parties should decide on a reasonable exit value, payment plan, loan treatment, and responsibility distribution. Share sales, buybacks, and payouts may have several tax effects, explained below.<\/li>\n<li><strong>Resignation letters, board resolutions, share-transfer papers<\/strong>, changes to authorised signatures, and statutory filings should all be completed as necessary.<\/li>\n<li><strong>If there are differences regarding valuation, misconduct, or contractual responsibilities<\/strong>, the parties may resolve them via negotiation, mediation, arbitration (if duly agreed upon), or reasonable court actions. A minority shareholder who is oppressed can also approach the <a href=\"https:\/\/nclt.gov.in\/\">NCLT<\/a> under Sections 241 and 242, which can order a buy-out of the shares, subject to the eligibility conditions in Section 244.<\/li>\n<\/ol>\n<p>In essence, a well-founded co-founder exit calls for a careful examination of contracts, company structure, financial settlements, and legal obligations to prevent conflicts and safeguard the continuous operation.<\/p>\n<h2>How Can A Co-Founder Actually Exit?<\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>Exit route<\/strong><\/td>\n<td><strong>How it works<\/strong><\/td>\n<td><strong>Points to watch<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Sale to the remaining co-founders<\/td>\n<td>Shares move by a share transfer deed<\/td>\n<td>Simplest route. Follow the Articles and any right of first refusal<\/td>\n<\/tr>\n<tr>\n<td>Sale to a third party<\/td>\n<td>Same deed, with a new shareholder joining<\/td>\n<td>Needs approvals under the Articles and SHA, and any investor consent<\/td>\n<\/tr>\n<tr>\n<td>Buyback by the company<\/td>\n<td>The company buys back and cancels the shares under Section 68<\/td>\n<td>Conditions apply, and the tax on a founder can be higher (see below)<\/td>\n<\/tr>\n<tr>\n<td>Resignation as director only<\/td>\n<td>Director steps down, but shares stay<\/td>\n<td>The founder remains a shareholder with rights and risks<\/td>\n<\/tr>\n<tr>\n<td>Retirement or cessation<\/td>\n<td>For partnership firms and LLPs, by deed or notice<\/td>\n<td>Settle accounts and file with the Registrar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Tax And Stamp Duty On A Founder Exit<\/h2>\n<ul>\n<li><strong>Sale of unlisted shares:<\/strong> gains on shares held for more than 24 months are taxed as long-term capital gains at 12.5% without indexation. Gains on shares held for 24 months or less are taxed at the seller&#8217;s slab rate.<\/li>\n<li><strong>Buyback:<\/strong> from 1 April 2026, buyback proceeds are taxed under capital gains again, after a period from 1 October 2024 to 31 March 2026 in which they were treated as deemed dividends. For founders who are promoters, an additional tax applies, which can take the effective rate to about 30% for a non-corporate promoter and 22% for a corporate promoter, compared with 12.5% on a long-term sale. Compare both routes before choosing.<\/li>\n<li><strong>Price:<\/strong> an unlisted share sold or bought at a price far below fair market value can trigger tax for both sides, so back the price with a valuation report.<\/li>\n<li><strong>Stamp duty:<\/strong> share transfer deeds are stamped, generally at 0.015% of the consideration for shares.<\/li>\n<li><strong>Non-resident parties:<\/strong> if the founder or buyer is a non-resident, FEMA pricing rules and reporting to the RBI apply.<\/li>\n<\/ul>\n<p>Tax rules change often, so confirm the position with your CA before you sign.<\/p>\n<h2>How A Buyback Of A Founder&#8217;s Shares Works<\/h2>\n<p>A company can buy back its own shares under Section 68, subject to conditions:<\/p>\n<ul>\n<li>The buyback is limited to 25% of the paid-up capital and free reserves. A board resolution is sufficient up to 10%, and a special resolution is needed beyond that.<\/li>\n<li>The debt-to-equity ratio after the buyback must not exceed 2:1.<\/li>\n<li>Only fully paid-up shares can be bought back, and the buyback must be completed within one year of the resolution.<\/li>\n<li>A declaration of solvency is filed with the ROC, and the company files a return of buyback afterwards.<\/li>\n<li>The bought-back shares are cancelled and cannot be reissued.<\/li>\n<\/ul>\n<h2>Process Of Handling Co-Founder Exits After Incorporation<\/h2>\n<p>The procedure of the founder&#8217;s exit from the business in India should be well thought out to ensure all legal, financial and business aspects are sorted.<\/p>\n<ol>\n<li>Analysis of Existing Documents: It is important to go through the founders&#8217; agreement, shareholders&#8217; agreement, partnership deed or LLP agreement for provisions in case of any exits, notice period, restrictions on share transfers, valuation method and dispute settlement methods.<\/li>\n<li>Initiate Communication Process: If there is a need to issue any notices of exit, the founder exiting should initiate communication officially in regard to his\/her intention to exit. There will be a discussion between the two parties regarding the date of exit, transfer process, financial compensation and other details.<\/li>\n<li>Choice of Mode of Exit: There should be a discussion regarding the mode of exit that could involve a <a href=\"https:\/\/www.kanakkupillai.com\/learn\/how-transfer-shares-private-limited-company\/\">transfer of shares<\/a> by the exiting founder to the remaining founders or to a third party, buyback of shares by the company, retirement from a partnership firm, or cessation as an LLP partner.<\/li>\n<li>Business Valuation: It is important to determine the value of the equity interest of the exiting founder through the agreed contractual method or otherwise.<\/li>\n<li>Define buy price, payment plan, loan discharge, secrecy requirements, intellectual property rights, and other contractual obligations. Document the mutually decided departure conditions. Also deal with the founder&#8217;s personal guarantees to banks and vendors, and any loans the founder has given to the company.<\/li>\n<li>Get necessary board, shareholder, or partner approvals based on your organisational structure. Where relevant, confirm compliance with the stipulations of the Companies Act 2013, LLP Act 2008, or Indian Partnership Act 1932.<\/li>\n<li>Prepare the appropriate document for share transfers, settlements, retirement deeds, resignation letters, or updated agreements that represent decided-upon exit conditions. A <a href=\"https:\/\/www.kanakkupillai.com\/learn\/share-transfer-deed-format\/\">share transfer deed<\/a> in Form SH-4 must be stamped and delivered to the company within 60 days of execution.<\/li>\n<li>Within the given deadlines, submit any legally mandated form to the Registrar of Companies or other pertinent agency. Where necessary, change the legal records.<\/li>\n<li>Move company records, passwords, client information, agreements, intellectual property rights, and operating tasks. Disable company accounts as needed.<\/li>\n<li>Pay bills, determine tax ramifications, and keep required documents to help Close Out Financial and Legal Business. Discuss, mediate, arbitrate, or litigate to address open problems.<\/li>\n<\/ol>\n<p>Finally, thorough recording of a co-founder departure helps to protect commercial interests, reduce conflict, and enable a smooth change for the surviving founder and the company.<\/p>\n<h2>Exit Filings And Deadlines Checklist<\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>Entity<\/strong><\/td>\n<td><strong>What to do<\/strong><\/td>\n<td><strong>Deadline<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Private company: share transfer<\/td>\n<td>Execute and stamp Form SH-4, board approval, update the register of members, issue the new share certificate<\/td>\n<td>SH-4 to the company within 60 days of execution<\/td>\n<\/tr>\n<tr>\n<td>Private company: director resignation<\/td>\n<td>Director gives written notice. The company files Form DIR-12, and the director can file Form DIR-11<\/td>\n<td>DIR-12 within 30 days<\/td>\n<\/tr>\n<tr>\n<td>LLP<\/td>\n<td>Notice of at least 30 days, supplementary deed, Form 4 for the change in partners, Form 3 if the agreement changes<\/td>\n<td>Form 4 within 30 days<\/td>\n<\/tr>\n<tr>\n<td>Partnership firm<\/td>\n<td>Retirement deed, public notice, and notice to the Registrar of Firms if the firm is registered<\/td>\n<td>Promptly, to end the retired partner&#8217;s liability<\/td>\n<\/tr>\n<tr>\n<td>Founder holding through an entity<\/td>\n<td>Update the beneficial ownership declaration and <a href=\"https:\/\/www.kanakkupillai.com\/learn\/form-ben-2\/\">Form BEN-2<\/a> if applicable<\/td>\n<td>30 days from the change<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A resigning director should read the difference between <a href=\"https:\/\/www.kanakkupillai.com\/learn\/difference-between-dir-12-and-dir-11-forms\/\">DIR-12 and DIR-11<\/a>. Filing DIR-11 can deactivate the director&#8217;s DSC for that company, so file it after the company has what it needs. If the company never files DIR-12, the director can remain on the MCA record as an active director.<\/p>\n<h2>Director Resignation Vs Share Exit<\/h2>\n<p>A founder who is also a director can <a href=\"https:\/\/www.kanakkupillai.com\/appointment-and-resignation-of-directors\">resign as a director<\/a> with written notice. The resignation takes effect from the date the company receives it, or a later date mentioned in it. It does not affect the shareholding. Two more points matter after the exit:<\/p>\n<ul>\n<li>A private company needs at least two directors and two members. If an exit leaves the company with one member, add a new member quickly, because carrying on below the minimum for over six months can expose the remaining member to personal liability (Section 3A).<\/li>\n<li>Update the bank mandate, the authorised signatory on the GST registration, and every contract or licence where the founder&#8217;s name appears.<\/li>\n<\/ul>\n<p>Keep the company&#8217;s annual filings on track after the exit; see <a href=\"https:\/\/www.kanakkupillai.com\/annual-compliance-of-a-private-limited-company\">annual compliance of a private limited company<\/a>.<\/p>\n<h2>Conclusion<\/h2>\n<p>The exit of a co-founder post-incorporation should be planned in detail, with attention paid to laws and effective communication to make sure that everyone is taken care of. Contract analysis, payment of dues, and filing the necessary paperwork, as well as complying with the law, may go a long way in avoiding any issues. Companies that work in a systematic way maintain stability, protect the interests of their stakeholders, and expand.<\/p>\n<div class=\"kp-export-cta\">\n<p class=\"kp-export-cta__title\"><strong>Need Help Managing a Co-Founder Exit After Company Incorporation?<\/strong><\/p>\n<p class=\"kp-export-cta__description\">Get professional assistance with co-founder exit planning, share transfer documentation, director resignation, shareholder agreements and applicable MCA compliance to help your company manage the transition smoothly and legally.<\/p>\n<p><a class=\"kp-export-cta__button\" href=\"https:\/\/www.kanakkupillai.com\/annual-compliance-of-a-private-limited-company\">Get Company Compliance Assistance<\/a><\/p>\n<\/div>\n<h2>Frequently Asked Questions<\/h2>\n<h3>1. Is it possible for a co-founder to quit a company after incorporation?<\/h3>\n<p>It is possible for a co-founder to quit the company after incorporation through transfer of shares, resignation from the board of directors or any other legally accepted form of exit. This will depend on the structure of the firm, legal instruments, law and approvals needed. Resigning as a director will not necessarily make the shares go worthless.<\/p>\n<h3>2. What are the legal documents needed for a co-founder&#8217;s exit?<\/h3>\n<p>The common documents include a founders&#8217; agreement, shareholders&#8217; agreement, share transfer instrument, resignation letter, settlement agreement and board resolutions that may be required. Specific documents are dependent on the entity and method of exit employed. Partnerships and LLP may require retirement deeds.<\/p>\n<h3>3. How is a leaving co-founder&#8217;s share valued?<\/h3>\n<p>Valuation of shares can be done using the same method stipulated in the shareholders&#8217; agreement or other agreed method. Factors such as the company&#8217;s performance, assets, liabilities, projections and valuation methods will need to be considered. Some transactions may necessitate valuation of the shares by a qualified expert under relevant law, and a valuation report also supports the price for tax purposes.<\/p>\n<h3>4. Is a co-founder capable of being expelled from a business?<\/h3>\n<p>A co-founder cannot be compelled to divest of his\/her shares just due to differences. The compulsion to divest is possible only under contractual provisions such as vesting, bad leaver or drag-along clauses, or by an order of the NCLT. A director, however, can be removed from the board by an ordinary resolution of the shareholders under Section 169, with notice and a chance to be heard. The issues of director removal and shareholding are totally separate from each other.<\/p>\n<h3>5. What liabilities does a co-founder incur in connection with his\/her exit?<\/h3>\n<p>A co-founder who is leaving remains liable for acts done during his or her tenure, such as statutory dues, and for any personal guarantees or indemnities not released in writing. If the company does not file Form DIR-12, the director may continue to appear as an active director on the MCA record. Proper documentation and settlement of accounts are some of the ways to define one&#8217;s responsibilities. See <a href=\"https:\/\/www.kanakkupillai.com\/learn\/director-resigned-but-name-still-appears-on-mca-what-needs-to-be-filed\/\">what to do if a resigned director still appears on MCA<\/a>.<\/p>\n<h3>6. Can the remaining founders refuse to buy my shares?<\/h3>\n<p>Only the agreement or the Articles can force a purchase. Otherwise, the exiting founder can sell to a third party, subject to the Articles, any right of first refusal and investor consent.<\/p>\n<h3>7. What is the tax on selling my founder shares?<\/h3>\n<p>For unlisted shares held for more than 24 months, long-term capital gains tax of 12.5% applies. A buyback can be taxed more heavily for a promoter, so compare the two routes.<\/p>\n<h3>8. Can I keep my shares after I resign as a director?<\/h3>\n<p>Yes. Resignation from the board does not affect the shareholding unless the agreement provides otherwise.<\/p>\n<h3>9. How long does a founder exit take?<\/h3>\n<p>It depends on the route and on negotiation. The filings themselves, like DIR-12 and Form 4, have 30-day windows.<\/p>\n<h3>10. Can a founder compete after leaving?<\/h3>\n<p>A post-exit non-compete is generally void under Section 27 of the Contract Act, except where it is tied to the sale of shares or goodwill and is reasonable. Confidentiality and non-solicitation clauses are enforced more readily.<\/p>\n<h3>11. What if the co-founders cannot agree on the exit?<\/h3>\n<p>Try negotiation and mediation first, then arbitration if the agreement has a clause. A minority shareholder who is oppressed can approach the NCLT under Sections 241 and 242.<\/p>\n<h2>Choose Kanakkupillai For All Your Compliances<\/h2>\n<p>KANAKKUPILLAI offers hassle-free corporate compliance solutions. Whether your business needs assistance with incorporation, filing of returns, exit of co-founders, <a href=\"https:\/\/www.kanakkupillai.com\/share-transfer\">share transfer<\/a> or any other corporate matters, we have a team of professionals that helps your company comply with legal obligations. Opt for KANAKKUPILLAI to ensure hassle-free compliance management for building a sustainable business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A co-founder can leave at any time, but leaving as a director and leaving as a shareholder are two separate steps. Resigning&#8230;<\/p>\n","protected":false},"author":25,"featured_media":37001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[4304],"tags":[],"class_list":{"0":"post-49859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-compliance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Co-Founder Exit After Incorporation in India: Process, Tax &amp; Filings<\/title>\n<meta name=\"description\" content=\"What if your co-founder wants to leave after company incorporation? 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