Removal of Director from a Company – Simple Guide to Resignation and Removal
Sometimes, a company needs to make changes in who manages it. This includes the Removal of Director from a Company or when a director decides to leave on their own. A director is a person chosen by the company’s owners (called shareholders) to help run the business. If the company needs someone new, they can appoint another director. But if a director wants to leave or must be removed, there are easy steps to follow.
If a director decides to quit, they must submit a letter to the the company. The company then has to fill out a form and submit it to the authorities within 30 days. The director is also required to submit another form called DIR11.
The Removal of Director from a Company is different from resignation. If the company decides to remove a director, they must follow proper rules and give a good reason. This keeps everything fair and legal.