09 October 2009
Can anyone explain me the kind of resolution required to be passed at the time of retirement of director,do explain sctions in this respect too.pls deraft a resolution in example?thanx in advance
At the time of retirement of director no specific resolution is required to be passed. However in the next board meeting noting of such retirement is desirable.
SAMPLE RESIGNATION OF DIRECTOR
The Company Secretary placed before the Board Letter No _____ dated _____ regarding resignation of Mr. B from the Board of the Company. The Board sincerely appreciated his association with the company and his services and support which he rendered during his tenure and passed the following resolution unanimously:
“RESOLVED THAT the resignation of Mr. B, Director of the Company, be and is hereby accepted with effect from the _________ and that the Secretary of the Company be and is hereby instructed to make appropriate noting in the Register of Directors accordingly and file Form No. 32 with the Registrar of Companies.â€
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