Resignation of Director

Director of a company is a person elected by the shareholders for managing the affairs of the company as per the Memorandum of Association and Articles of Association of the company. Director in a company may need to resign or the Board of Directors or Shareholders may want to remove a Director for any reasons. In such cases, a Director can resign or be removed by filing the intimation of change of Director with MCA.

The procedure for resignation of director and removal of Director by the Board or Shareholders vary. A Director can resign from a company by giving a notice in writing to the company and the Board is required to file the necessary filings with MCA within 30 days. A Director can also send a copy of the resignation letter to the ROC directly by filing a different set of forms.

The market leader in company registration services in India, offering a variety of IndiaFilings is the leading business services platform in India, offering a variety of services like company registration, trademark filing, GST registration, income tax filing and more. IndiaFilings can help you effect resignation of director of a company. The average time taken to file for resignation of director is about 10 – 15 working days, subject to government processing time and client document submission. Get a free consultation on procedure for resignation of director by scheduling an appointment with an Advisor.

FAQs

A) Documents required from Director:
Resignation Letter
B) Documents required from Company:
Board meeting Resolution for Resignation, Minutes and Resignation Acceptance Letter Startupwala will help you for preparing and filing of these resignation documents with ROC office.
When the Director has to resign he officially submits a letter to the Company to inform about his resignation, this is called a resignation letter.
When the Director has to resign he officially submits a letter to the Company to inform about his resignation, this is called a resignation letter.
When the Company formally accepts the Resignation of the Director the document is known as Resignation Acceptance Letter.
Board Resolution is a written decision passed in a meeting of board of directors. This document informs the Director about the acceptance his Resignation as well as gives authority to its officers to complete the resignation formalities.
Form DIR 12 has to be filed by the Company and Form DIR 11 has to be filed by the Resigning Director.
Resignation is a voluntary process initiated by the Director himself and Removal of Director is a forceful act of removing the Director by the Company.
The Resigning Director is only liable for any non-compliance during his tenure as director and not for anything after his resignation.

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