Resignation of Director

About:

A Director may resign from his office by giving a notice in writing to the company for their resignation. And then the board on receipt of such notice shall take note of the notice given by the director and the company from which the director wants to resign the company shall within 30 days from the date of receipt of notice of resignation from a director who wants to resign, the company shall intimate the Registrar in Form DIR-12 and also post the information on its website if any maintained by the company. The company while informing shall also place the fact (all the necessary information regarding the resignation) of such resignation in the report of the director which should be placed in the immediately following annual general meeting by the company.

Resignation to be submitted by the director to Registrar of Company (ROC):

The director who wants to resign from the company may also forward a copy of his resignation along with the detailed reason for the resignation to the Registrar within 30 days of resignation. For this, he has to submit form DIR-11 along with fees to the Registrar of Company.

The effective date of resignation:

The resignation of a director shall take effect from the date on which the notice is received by the company or the date if any specified by the director in the notice, whichever is later.

Liability of Director who resigned:

The director who has resigned from the company shall be liable for the offenses which occurred during his tenure even after his resignation.

When all the directors resign from office:

If the situation arises where all the directors of a company resign from their offices or vacate their offices. Then the promoter of the company or in the absence of promoter Central Government (CG) shall appoint the required number of directors (depending upon the type of company Private, Public, or an OPC) who shall hold the office till the directors are appointed by the company in the general meeting.

Address
304 North Cardinal St.
Dorchester Center, MA 02124

Work Hours
Monday to Friday: 7AM - 7PM
Weekend: 10AM - 5PM