Resignation of Director

Common Questions

Most Popular Questions

The director must submit a resignation letter to the company, file necessary forms with the RoC, ensure settlement of liabilities, and update company records accordingly.

Any director of a private limited company can resign from their position by following the prescribed resignation procedure and complying with relevant laws and regulations.

Reasons for resignation may include personal reasons, conflict of interest, disagreement with company policies, health issues, or pursuing other opportunities.

Documents such as resignation letter, board resolution accepting resignation, and necessary forms for filing with the RoC are required for the resignation process.

The resignation can be effective immediately or as per the notice period specified in the resignation letter or the company's Articles of Association, whichever is earlier.

Non-compliance may lead to penalties, fines, legal action, and adverse impact on the company's compliance status and reputation.

Yes, resignation is voluntary and initiated by the director, whereas removal is a decision taken by the shareholders or the board of directors to terminate the director's position.

Yes, a resigned director can be reappointed in the same company later, subject to compliance with relevant procedures and eligibility criteria.

Avenue Advisory provides expert assistance for the resignation of directors, including drafting of resignation letters, preparation of necessary documents, filing with the RoC, and compliance monitoring.

Avenue Advisory ensures a smooth transition by guiding clients through the resignation process, facilitating communication between parties, updating company records, and ensuring compliance with legal requirements.

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