Resignation Of Director Service

A letter of resignation by the director of a company can be used when a director wants to leave their current position as director on the board of the company. Letters of resignation are required to be given to the company by directors intending to resign and are thereafter required to be brought to the attention of the board of the company.

A letter of resignation should specify the date from which the resignation is effective since a director (even after resignation) continues to be liable for acts carried out by the company in the period prior to the resignation. The resignation of a director shall take effect from the date on which the notice is received by the company or the date, if any, specified by the director in the notice, whichever is later.

In a letter of resignation, along with the director informing the company that he or she is leaving and the effective date of resignation, other details are covered such as requesting the company to carry out the necessary filings under applicable laws.