A director resigns by giving notice in writing to the
company. He forwards a copy of resignation in Form
DIR-11 to ROC within time. What would be the status
of director if the company fails to intimate about the
resignation to the Registrar?
As per Section 168 read with Rule 15 and Rule 16 of Companies
(Appointment and Qualification of Directors) Rules, 2014, a
director may resign from his office by giving a notice in writing
to the company and shall also forward a copy of his resignation
along with detailed reasons for the resignation in Form DIR-11
to the Registrar within thirty days of resignation.
Further, the company shall intimate to the Registrar about such
resignation in Form DIR-12 with in thirty days of receipt of
notice of resignation from a director.
As per sub-section (2) of section 168, the resignation of a director
shall take effect from the date on which the notice is received
by the company. In case of failure of the company to intimate
the Registrar, as the director has already informed the Registrar
of his resignation within time , the document would get
registered in the records of the Registrar.
In terms of section 172, the company and every officer of the
company who is in default shall be punishable with fine which
shall not be less than fifty thousand rupees but which may
extend to five lakh rupees.