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DIRECTOR RESIGNATION

Area 168 of organizations act offer capacity to executive to leave directorship with date referenced in abdication letter or from the date of accommodation of renunciation and acknowledgment of leading group of chief isn’t required.

Executive leaving will record abdication letter in DIR 11 anyway its now discretionary

Organizations will compulsory document such acquiescence in DIR 12 inside 30 days of date of abdication

Anyway abdication by overseeing chief will be compelling just when endorsed by leading body of executive

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DOCUMENTS REQUIRED

1. Resignation letter

2. Reason of resignation

3. Evidence of dispatch of letter

4. Evidence of receipt of letter at company office

5. Mail id of resigning director

BENEFITS

1. Relived from companies duty

2. No responsibility of companies working

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