Resignation of Director Simple, Structured & Compliant

Yes. A director may resign by giving notice to the company in accordance with the applicable provisions and the company's governing documents.

DIR-11 is the prescribed e-form through which a resigning director may file the resignation with the Registrar, along with the applicable documents, subject to the current filing requirements.

DIR-12 is used by the company for reporting certain changes in directors and key managerial personnel, including cessation due to resignation, as applicable.

A director should communicate the resignation to the company in writing. Proper documentation helps establish the resignation and its effective date.

The company should take the appropriate corporate action and maintain proper records of the resignation in accordance with applicable requirements.

The company should immediately review its Board composition to ensure that it continues to satisfy the applicable minimum director requirements.

Yes. Legal Chalo can assist in reviewing the pending compliance and completing applicable documentation and MCA filing requirements.

The resignation can generally specify an effective date, but the exact legal and corporate consequences should be reviewed based on the circumstances and applicable law.

Resignation does not automatically erase liabilities or responsibilities relating to periods or acts when the person was a director. The specific circumstances should be professionally reviewed.