Director Resignation refers to the formal process by which a director steps down from their position in a company. As per the Companies Act, a director may resign by giving written notice to the company, and the company is required to file the necessary forms with the Registrar of Companies (ROC). Proper compliance ensures smooth transition and avoids legal complications or penalties.
To process the resignation of a director, certain legal documents are required for proper ROC filing and compliance.
Formal resignation letter submitted by the director.
Resolution accepting the resignation in board meeting.
Form DIR-12 to be filed with ROC within prescribed time.
Assist directors in submitting resignation and updating MCA records