Easiest steps to follow on Resignation of Director

PART 1 :Duties of Resigning Director:

The resigning director has two duties:

Duty 1: Furnishing of letter of resignation to the company stating the reasons, for the resignation.

Duty 2: Uploading of  Form DIR 11 at the mca portal.

PART 2: Duties of the Company

Step 1: The resignation letter is received by the secretarial department of the company. The company secretary then sends a notice of Board Meeting informing all the other directors about such resignation.

Step 2: The Board Resolution is then passed, accepting the resignation of director.

Step 3: The company further passes another Board Resolution appointing any other officer of the company to fill up and submit form DIR-12 at the MCA portal.

PART 3: Acknowledgement of Resignation:

After all the duties and steps mentioned above are complied with, the company sends a letter of acknowledgement to the resigning director stating that his resignation is approved and duly notified to the Registrar of the Companies.