Resignation of Director
To resign from his office, the director of a company can give a written notice to the company.
On receiving such notice the company will have to,
- Recognize the same by passing a board resolutionto that effect.
- Within 30 days from the effective date of resignation, intimate the registrar by filing the form.
- Put the details of such resignations in the Director’s report that is laid in the next general meeting
held by the company.
Removal of Director
As per Sec 169 of Companies Act 2013, removal of directoris the shareholder’s legal right, even before his/her tenure expires, through ordinary resolution in the general meeting. The director is given a reasonable chance to be heard excluding cases of appointment by the central government. The Articles of Association, the Memorandum of Association or any other agreements or documents cannot take away this legal right.