Directors resignation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2015 A director has given his resignation letter in Dec, however the company has given acceptance letter in June. In form DIR 12, what will be the date for with effect from Dec or June.

Pratik Shah

Pratik Shah (Expert)
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03 July 2015 The resignation of a director shall take effect from the date on which the notice is
received by the company or the date, if any, specified by the director in the notice, whichever is later. Please refer 168(2).

The resignation of director does not require acceptance from the Company unless he is on the employment of the Company.

If he is on the Employment of the Company, June will be the resignation date.