06 June 2011
The co. Act does not make express provisions for resignation of director. A director may resign his office in the manner provided in the article..if the article does not contain any provision, he may resign his office at any time by giving reasonable time, no matter whether co. Accept it or not...a MD or WTD however, cannot resign merely by resign as his resignation is governed by terms and conditions of appointment, in this case formal acceptance is necessary.... Regarding board meeting thre is no time limit, it can be held at any time , not necessary same date. Sumat Singhal, Indore