Director Resignation Effective Immediately Upon Notice Receipt; No Company Acceptance Needed, per Case Highlighted on March 19, 2016.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disqualification of director - The resignation of a Director takes immediate effect from the date on which the notice of resignation is received by the company. Hence there is no question of such resignation not being accepted by the company as was the case made out in the reply received by the petitioner on 19th March, 2016.....