https://www.taxtmi.com/article/detailed?id=1977 A nominee director is subject to the same statutory duties and potential liabilities as other directors; resignation is unilateral and effective when the intention to relinquish office is communicated if intended to operate in praesenti. Filing of Form 32 and registrar entries are consequential evidence of cessation but acceptance by the board is not required. For nominee directors, the nominating entity may withdraw its nomination and the nominee is ordinarily not responsible for company acts occurring after the effective resignation or withdrawal absent continued exercise of management control. en-us Sat, 22 Dec 2012 18:48:51 +0530 Wed, 11 Feb 2026 15:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1977 A nominee director is subject to the same statutory duties and potential liabilities as other directors; resignation is unilateral and effective when the intention to relinquish office is communicated if intended to operate in praesenti. Filing of Form 32 and registrar entries are consequential evidence of cessation but acceptance by the board is not required. For nominee directors, the nominating entity may withdraw its nomination and the nominee is ordinarily not responsible for company acts occurring after the effective resignation or withdrawal absent continued exercise of management control. Articles Corporate Laws / IBC / SEBI Sat, 22 Dec 2012 18:48:51 +0530 https://www.taxtmi.com/article/detailed?id=1977