Resignation of director: notice triggers filing and reporting duties while liability for prior offences continues afterwards. Resignation of director requires a written notice to the company; the Board must note it and the company must intimate the Registrar and report the resignation at the next general meeting. A director may forward a copy with reasons to the Registrar within thirty days. Resignation takes effect on receipt of the notice or on a later date specified by the director. The director remains liable for offences occurring during his tenure. If all directors vacate offices, the promoter or, failing that, the Central Government appoints directors until the company does so in general meeting.
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Resignation of director: notice triggers filing and reporting duties while liability for prior offences continues afterwards.
Resignation of director requires a written notice to the company; the Board must note it and the company must intimate the Registrar and report the resignation at the next general meeting. A director may forward a copy with reasons to the Registrar within thirty days. Resignation takes effect on receipt of the notice or on a later date specified by the director. The director remains liable for offences occurring during his tenure. If all directors vacate offices, the promoter or, failing that, the Central Government appoints directors until the company does so in general meeting.
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