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The Tax PublishersCompanies Act, 2013--Directors
Resignation and Removal of Directors under Companies Act, 2013 : A Guide
CS. Pragya Lalwani
This article explores the resignation and removal procedures under the Companies Act, 2013, including the necessary steps to be followed by the company to ensure compliance with the law.
1. Introduction
The Board of Directors plays a vital role in the governance and management of a company. They are entrusted with overseeing the company's operations and ensuring its compliance with the applicable laws. Under the Companies Act, 2013, the resignation and removal of directors are governed by specific provisions designed to ensure transparency, fairness, and proper documentation. The Act outlines clear procedures for the resignation (Section 168) and removal (Section 169) of directors, which must be adhered to by the company to avoid any legal complications.
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