Effective date of director's resignaation
This query is : Resolved
04 January 2013
If a director tenders his resignation letter expressing his desire to be released from the company with immediate effect, then does that resignation take effect from the date of communication of the same by the director or from the date when the resignation is accepted by the company in Board Meeting?
04 January 2013
The voluntary resignation of a permanent director when permitted under the articles is not dependent upon its acceptance by the company. He is entitled to relinquish his office.
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