What is the procedure for a Director to resgin , If he sends a mail to the borad members and the Chairman and would not get their acceptance .. what does he need to do further?
SaabEngineers (CONSULTANT) (26 Points)
04 July 2011What is the procedure for a Director to resgin , If he sends a mail to the borad members and the Chairman and would not get their acceptance .. what does he need to do further?
Nidhi Jain
(CS )
(987 Points)
Replied 04 July 2011
Nothing in this regard is given in the cos act It is fully governed by the provisions given in this regard in AOA. Before telling the procedure tell me
1. Any provision in this regard is contained in ur AoA
2. Director who resign whether a wholetime director/MD of the Co.
rachit jain
(chartered accountant )
(635 Points)
Replied 04 July 2011
No need to wait for acceptance by board in case of resignation by an ordinary diector unless the AOA otherwise provide.however in case of MD/WTD, resignation must be accepted by board.
SaabEngineers
(CONSULTANT)
(26 Points)
Replied 04 July 2011
No it he is an Ordinary Director and Nothing is mentioned on the AOA on the Resignation of the Director.
rachit jain
(chartered accountant )
(635 Points)
Replied 04 July 2011
then resignation can take place from immediate effect
SaabEngineers
(CONSULTANT)
(26 Points)
Replied 04 July 2011
In the AOA he is listed in the First Directors But he is not the Managing Director or WTD.
Nidhi Jain
(CS )
(987 Points)
Replied 05 July 2011
In ur case u have not need to accept the same it will take effect immediately.
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