The resignation of a director is a formal process through which a director voluntarily steps down from their role in a company. Under the Companies Act, 2013, the resigning director must submit a written notice to the board of directors. Once accepted, the company is required to file Form DIR-12 with the Registrar of Companies (ROC) within 30 days. The director also has the option to file Form DIR-11 independently to inform the ROC about their resignation. The resignation becomes effective from the date mentioned in the resignation letter or the date of receipt by the company, whichever is later. Proper documentation and timely filings are crucial to ensure legal compliance and to relieve the director from future liabilities related to the company’s affairs.
Conclusion: A director’s resignation, when properly documented and filed, ensures a smooth transition, legal clarity, and release from official duties and responsibilities.