26 January 2016
Sir, In a private limited company there are 5 director out of that 2 director (M.D & Add.Director) wants to resignation them-self due to not concentrate another company.
My query is as per exemption for private limited company notification 5th June 2015 Section 196 (4) & (5) appointment of MD & Director of company shall not apply.Hence I think that we need not file DIR - 12 to ROC. whether my view is correct or incorrect.
In case if it is incorrect then let me inform what are the procedure has to follow.
27 January 2016
Yes, Agreed. MOREOVER, DIR - 11 is the personal responsibility of the director who resigned and DIR-12 is the responsibility of the company which both have to comply within the period of 30 days without any additional fees from the date of resignation
CAclubindia
