The directors of a company are the person selected by the shareholders for the management of affairs of the company, according to the company’s affairs and articles of association. In a company, the director may need to resign or the board of directors or shareholders may wish to remove the director for any reason. In such cases, a director can resign or resign by filing a notice of change of director with MCA.
The process of removing the director by the director’s resignation and the board or shareholders of the director is different. A director can resign from the company giving a notice in writing to the company and the board is required to file necessary filing with MCA within 30 days. A director can send a copy of the resignation letter directly to ROC by filing different types of forms.
eMindsCA.com is a market leader in company registration services in India, offering a wide range of eMindsCA.com is the leading business service platform in India, offering various services like company registration, trademark filing, GST registration, income tax filing and more. eMindsCA.com can help you in the effect of the resignation of a director of a company. Average time to file for the resignation of the director is subject to submission of approximately 10-15 working days, government processing time and customer documents. Find a free consultation on the process for the director to resign by scheduling the appointment time with the eMindsCA.com Advisor.
Types of Directors in a Company
The Managing Director is a Director who is assigned a company’s association of articles or company with an agreement or a proposal passed in its general meeting, or by its board of directors, adequate powers of the company’s managed affairs.
Executive director is a director, who is in full-time employment of the company. Therefore, the executive directors are deeply involved with the management of the company and management matters of the company.
Ordinance Director means an ordinary director who participates in a company’s board meeting and participates in the matters held in front of the board of directors. These directors are neither full time directors or managing directors.
Additional Director is appointed by the Board of Directors under the provisions of the Articles of any Company between the two Annual General Meeting. Additional directors can hold the post till the date of the company’s next annual general meeting.
The alternative director is appointed by the board of directors who is appointed for a period less than three months in a general meeting to work for the director of the original director during his absence. Typically, the alternative director is appointed for a person who is a non-resident Indian or foreign associate of a company.
How do we help with the Resignation of the Director
eMinds CA can help you with the effect of the resignation of a director of your company.
Got the question Request a call from eMinds CA Business Advisor.
The process of removal of director from the board of directors of the company will depend on the existing board of directors. Our specialists will advise you on the relevant process for you.
Once you get an understanding of the processes involved in deleting a director of your company, then our experts will draft the proposals for the process.
After the board’s resolution has passed, we will prepare necessary documents along with the Ministry of Corporate Affairs for filing of registration of our specialist director and filing.
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