Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Resignation By Director In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Ideally this should take the form of a written notice, either left at or send to the company's registered office, stating your intention to resign and the date this is to be effective from.
No minimum period of notice is required unless otherwise provided. Giving notice must therefore be considered carefully.
Dear Members of the Board, I am writing to formally submit my resignation as Position on the Board of Directors of Company Name, effective Resignation Date. I am grateful for the opportunity to serve on the board and contribute to the company's vision and growth over the past length of time.
Dear Sir/Madam, I hereby tender my resignation from the office of the Director of the Company Name Private Limited with immediate effect (or resignation date) and request that a notice of my resignation letter be given to the Registrar of Companies and the Board of Directors be informed at their next Board Meeting.
How to write a letter resigning from a director role Check your service contract. Draft your resignation letter. Discuss any additional matters with the company. Address the company rather than an individual. Convey your intention to resign. Include your date of resignation. Keep it professional and brief but personal.
Filing of Form DIR-12: The company must then file Form DIR-12 with the Registrar of Companies (ROC). This form serves as a notification of the director's resignation or removal, including cases where the position is vacated due to absence from meetings.
1. Notify your company secretary that a director wishes to resign. 2. Form 49, a letter of resignation, and a board resolution will be prepared by the company secretary.
Tell your fellow directors you want to resign Ideally this should take the form of a written notice, either left at or send to the company's registered office, stating your intention to resign and the date this is to be effective from.
Resigning as director does not invalidate a personal guarantee. You should therefore think very carefully before resigning from a company if you have personally guaranteed any of its debts. Once you resign, you no longer have any say on how the company is run and you will not be able to access its accounting details.
Directors have obligations under company law. These include acting in the best interests of the company, its employees, and its creditors, especially when the company is facing financial difficulties. Ignoring these responsibilities and simply walking away without addressing the debts can lead to legal consequences.
