Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
New Hampshire Resignation of Officer or Director and Acceptance - Corporate Resolutions
Category:
State:
Multi-State
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
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How to fill out Resignation Of Officer Or Director And Acceptance - Corporate Resolutions?
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FAQ
You simply resign. Submit a written statement to the board of directors informing them of your resignation and its effective date. Resigning won't cut off anyone's right to try and sue you for wrongful acts you committed while you were an officer.
As a resigning director, you'll need to consult your directors service agreement to ensure you comply with any notice periods or clauses such as restrictive covenants. Your resignation letter should state your intention to resign and advise that you will be ceasing to act as a director at a specific date in the future.
A typical constitution provides for directors resigning by giving notice in writing to the company. Hence, your Company is only required to pass a Board resolution to accept the Company Director's resignation.
Most commonly, this can be done by convening a board meeting to accept a director's resignation and agree the necessary next steps. You can use this written resolution as an alternative to convening a board meeting, in order to comply with your company's legal record keeping obligations.
A Directors' Resolution is also referred to as a Consent to Action Without Meeting. It can be used in place of a corporate meeting to formally record the binding decisions of the board, so long as all directors agree and authorize the resolution.
How to fill out a resolution of the Board of Directors?Date, time, and location of the meeting.Appropriate title about the decision to be made.Statement of majority or unanimous decision.Lastly, the resolution is stated.Officers responsible for carrying out the resolution will be stated.More items...?
Resignation of a director Resigning as a director does not absolve you of responsibilities during the time you acted as a director. Even after formal resignation your actions may cause you to remain a shadow director and you will be subject to continuing responsibilities.
A company can appoint maximum 15 fifteen directors. A company may appoint more than fifteen directors after passing a special resolution in general meeting and approval of Central Government is not required. A period of one year has been provided to enable the companies to comply with this requirement.
Consequently, private limited companies cannot pass a written ordinary resolution to remove a director. Directors can only be removed by ordinary resolution passed at a general meeting of the company. Public companies cannot use the written resolution procedure in any event.
Company secretary will prepare Form 49, letter of resignation & board resolution. The remaining directors (at least 2) to accept the resignation of resigning director. By order of the board, the secretary will submit the Form 49 & resolution to SSM for registration.
