Dear members
Is verbal resignation sufficient for a resigning director if articles are silent in this regard....
kindly support ur views...
7 Replies
Nagaraju Pogula
(Partner)
(175 Points)
Replied 18 January 2008
no, on appointment of director, records would be submitted to ROC. So as long as we gives retireing info he will be the responsile for the offences/or any other liability.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 18 January 2008
Komal you know... This is one of the fav question of cs intermediate ....
a director can, subject to the articles, resign his office, and cannot withdraw his resignation without the company’s consent. A director can resign by word of mouth. Where director’s resignation is accepted by the board, he is not liable for a report made and the dividend recommended after that time, though his resignation was not disclosed to the company
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 18 January 2008
Sorry nagaruju sahab Director can give verbal resignation because companies Act Silence in this regard
Miss Komal Mantri
(Chartered Accountant )
(1974 Points)
Replied 20 January 2008
Thanks....i think Amit u r right same is written in book too...
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