Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Resignation Of Director Resolution In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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.
Although no board resolution is technically required upon a director leaving office, it is best practice for a company to hold a board meeting to consider the notice of resignation and resolve and accept the resignation.
“RESOLVED THAT the resignation of Ms./ Mr…………………………., Director of the Company, be and is hereby accepted with effect from the ……. day of the ……, 20…. "RESOLVED FURTHER THAT the Board places on record its appreciation for the assistance and guidance provided by Ms. /Mr. …………………………
There is no such restriction. But you should first draft a resolution for appointment, then draft resolution for resignation of the director on the next day of appointment. File single DIR-12 for both resolutions and mention date of resignation resolution in the declaration at the end of Form DIR-12.
Upon receiving this resignation, the Board is required to acknowledge it formally. The company must notify the Registrar of Companies about the resignation and include this information in the directors' report presented at the next General Meeting, as stipulated by Section 168 of the Companies Act, 2013.
The resignation need not be accepted by the board for it to be effective. In addition, the company will have to lodge a prescribed notice of the director's vacation of office (whether by resignation or otherwise) with the Registrar within one month of a person ceasing to be a director of the company.
“RESOLVED THAT the resignation of Ms./ Mr…………………………., Director of the Company, be and is hereby accepted with effect from the ……. day of the ……, 20…. "RESOLVED FURTHER THAT the Board places on record its appreciation for the assistance and guidance provided by Ms. /Mr. …………………………
If your employer refuses to accept your resignation, consider the following steps: Clarify Your Intentions: Politely reaffirm your decision to resign. Make it clear that your choice is final. Request a Meeting: Schedule a meeting with your supervisor or HR to discuss the situation.
Once the resignation is official, the board usually accepts it formally at a board meeting. The board can't rescind an official resignation without approval from the board. The board should hold off on nominating a replacement board member until the board accepts the resignation.
More info
View on Westlaw or start a FREE TRIAL today, § 9. Resolution of board of directors—Accepting resignation of director—Appointing successor, Legal Forms.The resignation or removal of an officer who is also a director does not constitute resignation or removal from the Board. Commissionersof the Authority, for cause or at will. Administration present at the LCHD were. Health Commissioner Travis Irvan, Director of Environmental Health Timothy M. Smith, Director of Nursing Kelly. — State officials will discuss the latest on the Clear Lake hitch in a meeting scheduled for next week.
