A Board Resolution for the resignation of a director is a formal document that records the acceptance of a director’s resignation by the Board of Directors of a company.
It is a legal document that confirms the resignation and acknowledges that the director has completed all formalities and handed over all the relevant documents and assets before resigning from the board.
The Board Resolution for Resignation of Director should typically include the following details:
1. The name of the director who is resigning
2. The effective date of the resignation
3. The reason for the resignation, if any
4. Acknowledgement that the director has completed all formalities and handed over all the relevant documents and assets
5. Appointment of a new director, if required
6. Any other details as required by the Companies Act or the Articles of Association of the company.
The resolution must be passed by the Board of Directors at a duly convened board meeting or through a resolution passed by circulation.
It should be recorded in the minutes of the board meeting and filed with the Registrar of Companies along with other relevant documents.
