Resignation of Director

RESIGNATION OF DIRECTOR

A Director of a Company may resign from his/her post due to certain reasons. In such conditions, the Director is required to give notice in the form of a resignation letter to the Board of Directors. After accepting the notice by the Board of Directors, the Company is required to intimate ROC by filing e-form DIR-12 within 30 days of such event. The resigning Director on the other hand must e-file form DIR-11 intimating his resignation from the post of Director of the Company to the ROC.

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The process of  resignation of a Director from a Private Limited Company is governed by the Companies Act, 2013 and the Company's Articles of Association. The process typically includes the following steps:

1. The Director must submit a written resignation letter to the Board of Directors of the Company.

2. The Board of Directors must pass a resolution accepting the resignation of the Director.

3. The Company must file a form with the Registrar of Companies, along with the necessary fees, to register the resignation of the Director.

4. The Company must also update its records with the Registrar of Companies to reflect the change in the composition of its Board of Directors.

It's important to note that, a Director can resign by giving notice in writing to the Company, at least 1 month before the date on which the resignation is to take effect or in such other notice period as may be specified in the articles of the company.