Board Minutes For Director Resignation In Cook
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FAQ
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.
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.
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.
These board minutes accepting the resignation of a director are important to record your company's decision about the matter. The law requires you to keep minutes of your board meetings. It is a criminal offence not to, punishable by a fine.
“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. …………………………
No minimum period of notice is required unless otherwise provided. Giving notice must therefore be considered carefully.
Resign in Person If it's possible, it's always better to resign in person rather than over the phone, or, worse still, via email. Schedule some time to speak with your manager so you can talk about your decision face-to-face. If you can't meet in person, schedule a video call instead.
These Board Minutes – Resignation of Director should be used to record the minutes of a meeting of the directors where the company has received a letter of resignation from a director and the company resolves to accept the resignation.
