TaxTMI 
TaxTMI 
Dear Experts,
Whether once a director who submits his resignation may withdraw the same before the resignation is accepted by the Board of Directors.
Recall of Director's resignation
07 Jan 2016 
4 Replies 
1029 Views Asked by
Resignation effectiveness: a director's written resignation takes effect when received or as dated; withdrawal requires company consent.
A written director resignation is operative from the date stated in the letter or the date it is received, and the Board simply takes note rather than "accepting" it. Withdrawal may be possible only if retraction occurs before the Board has taken note; alternatively, the resignation is treated as effective on receipt or as dated and cannot be withdrawn without the company's consent. Director duties and business continuity are central to the issue. (AI Summary)
A written director resignation is operative from the date stated in the letter or the date it is received, and the Board simply takes note rather than "accepting" it. Withdrawal may be possible only if retraction occurs before the Board has taken note; alternatively, the resignation is treated as effective on receipt or as dated and cannot be withdrawn without the company's consent. Director duties and business continuity are central to the issue. (AI Summary)