All Directors resign

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When all directors of a company resign simultaneously, it raises questions about who can sign the board resolution to accept these resignations, as a company cannot technically exist without directors. The consensus is that this situation is problematic and could lead to the company's dissolution. It's recommended to consult with a Chartered Accountant (CA) and Company Secretary (CS) for guidance. A practical approach suggested is for directors to resign one by one, allowing the remaining director to appoint new ones before their own departure.

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(Querist)
22 December 2023 Who should sign the Board Resolution for accepting the resignation of all the directors (incl Authorised Director)?
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RAJA P M

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RAJA P M (Expert)
23 December 2023 If all directors is resign then the company is dissolved... So, its not possible...
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RAJA P M

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RAJA P M (Expert)
23 December 2023 better to consult Your CA and CS...
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RAJA P M

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RAJA P M (Expert)
23 December 2023 They can resign one by one... end of the person can appoint new directors then he can resign...
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