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Resignation / Removal Of Director

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Resignation / Removal Of A Director:
  • A director plays a vital role in the management of a company. He is a member of the board of directors of the company to which he is appointed. A director can anytime resign from his office after giving a notice in writing to the company. The board of directors of the company is required to file such resignation of the director with mca. Concurrently, the director can directly file his resignation with MCA.
  • Upon receipt of a resignation letter from the outgoing director, the board may call for a meeting of directors and place before its members such resignation letter received from the director. Thereupon the company shall file relevant forms with MCA pertaining to resignation and arrange for the appointment of another suitable candidate, if required.