Recently one of my friend, Director in a fast growing startup popped up this question to me. So here comes the post on it as it gave me the opportunity to brush up my Company Law skills once again.
1 Send the notice first to all other directors of the company at their registered addresses.
2 Send form DIR 11 to Registrar of companies within 30 days of notice or upload it on the MCA website.
3 After acceptance the remaining directors (minimum 2) will send form DIR 12 to ROC.
4 In case your resignation is not accepted, then ROC will adjudicate.
5 Director will not be liable for future decisions but decisions taken before, he can be held liable.
The recent amendment in companies act, 2013 has made it uber easy and simple to do the compliance.
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