A director may resign from his position as a director of a company, by giving proper notice to the company of his intention to resign. Thereafter, the Board shall accept the resignation and file the relevant forms to the Registrar of Companies (ROC).
A director may be removed from the post of Director of a company before his expiry of term by the shareholders. The members/shareholders have to give a special notice and an ordinary resolution shall be passed for removal of a director (special resolution is required in case of removing an Independent Director, serving his second term)
A director shall cease to be a director of the company in the event of his death. The company shall file the relevant forms along with the death certificate to the Registrar of Companies (ROC) in order to file cessation.
A director of a company shall be vacated from his office and shall cease to continue as director of a Company if he attracts any of the grounds mentioned under Section 167 of Companies Act 2013.
- Disqualification of a Director
A director of a company shall be disqualified and shall not be eligible for appointment as a director of a company if he attracts any of the grounds mentioned under Section 164 of Companies Act 2013.