Recall of Director's resignation

[Murari Agrawal]

Dear Experts,

Whether once a director who submits his resignation may withdraw the same before the resignation is accepted by the Board of Directors.

AI Summary

Can a Director Withdraw Resignation Before Acceptance? Experts Disagree on Timing and Consent Requirements. A forum participant inquired whether a director can withdraw their resignation before the board accepts it. One expert opined that a director can retract their resignation before the board acknowledges it, as the resignation is effective from the submission date. Another expert argued that the resignation becomes effective upon receipt by the company or the stated date, whichever is later, and cannot be withdrawn without the company's consent. They emphasized the significance of a director's role and advised careful consideration before resigning, questioning a director's decision-making if they are uncertain about their resignation.