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of <h1>Directors Protected from Prosecution if Resignation Verified by Registrar, Regardless of Company Notification u/s 303(2).</h1> The circular addresses the issue of a director's resignation not being communicated to the Registrar by the company. According to section 303(2), it is the company's responsibility to notify the Registrar of a director's resignation. If a director communicates their resignation directly to the Registrar, the Registrar should verify the authenticity of the resignation. If the resignation is found to be genuine, the Registrar should refrain from prosecuting the director, regardless of whether the company has accepted the resignation. This measure aims to protect directors from being placed in a difficult position due to the company's failure to notify the Registrar.
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