Office Address

  • 121 King Street, Australia
  • example@gmail.com
  • (00) 2500-123-4567

Pintarest

  • First image For Earendil
  • Second Image For Earendil
  • Third Image For Earendil
  • Fourth Image For Earendil
  • Fifth Image For Earendil
  • Sixth Image For Earendil

Social List

Earendil | Resignation Or Removal Of Director

RESIGNATION OF DIRECTOR

    We ensure a smooth exit and transition towards resignation/removal of director . In a company, Directors are elected based on 4 requirement criteria.Though Director’s voluntary resignation/ removal of the Director result in electing a new Director there is a vast difference between both the procedures. In both cases, prior notice is compulsory for who is taking the action. Both the company and the Director must file relevant forms with the Registrar of Companies (ROC) within 30 days from the notice period.

  • If the company need a new Director.
  • If one of the Directors diseased/resigned.
  • If one of the Directors is removed from the board of directors.
  • If the company needs additional Directors.
Get in touch with us.

Why register with Earendil

  • Our Chartered Accountant will guide you through the process. He/she will be your single point of contact for registration assistance and for all other services that we offer.
  • Our motto is “You only do what you do best; to us, leave the rest”. We assure that once we start our relationship, you wouldn’t have to think about the areas which we handle.
  • We take care all the documentation and follow up with the Ministry of Corporate Affairs to ensure that the removal/resignation of the Director is registered with Registrar of Companies at the earliest.
  • We want you to not just Start Your Business, but also Run Your Business. With us, your first month of compliances such as TDS, GST and processes such as payroll and accounting are free to ease you into your business.
  • We will also assist you with setting up and documenting Standard Operating Procedures (SOPs) for your business.

DIRECTOR RESIGNATION PROCESS

  • A director may want to resign his position in a company for many reasons.
  • The director has to submit the resignation in writing to the company.
  • The director has to file the Form DIR-11 with the Registrar of Companies (ROC) to intimate his resignation along with the reasons for resignation.
  • The Directors Board will send the acknowledgment to the Resigning Director.
  • The company also has to file e- Form DIR-12 with the Registrar of Companies to intimate the resignation of the Director.
  • In the following board meeting, the board of directors will discuss the resignation letter and the discussion is recorded in the minutes of the meeting.

LIABILITIES OF THE DIRECTOR AFTER RESIGNING

  • The director will not be held accountable for the liabilities the company drafts after his resignation.
  • But he /she is liable to any felony that took place during his/her tenure as a director of the company even after the resignation.




DIRECTOR REMOVAL PROCESS

  • A company can remove its directors anytime based on the occurrences and the board of director’s decision.
  • However, non-compliance with any of the rules involved in the removal process will nullify the decision in the court of law.






DIRECTOR’S RIGHTS OVER THE REMOVAL PROCESS

  • The director must be notified about the termination.
  • Special notice must be signed by the board of directors and be submitted 14 days before the Board of Meeting.
  • The director can appeal to send the notice to the entire members.
  • He has the right to make representation in writing against the notice of removal and read to all members in a meeting.

REMOVAL OF DIRECTOR

  • Ordinary resolution will be passed in the meeting by the board of directors.
  • The company should file Form DIR-12 with the registrar within 30 days from the meeting.