The Resignation Of Director Board Resolution is a crucial corporate governance document required under Indian company law when a director steps down from their position on the company's board. This resolution becomes necessary whenever a director submits their resignation, whether due to personal reasons, professional commitments, or regulatory requirements. The document must comply with the Companies Act, 2013, and related rules, particularly Sections 168 and 169. It serves multiple purposes: officially accepting the director's resignation, creating a legal record of the board's decision, initiating necessary regulatory filings, and ensuring proper corporate governance. For listed companies, additional compliance requirements under SEBI regulations must be addressed. The resolution typically follows a board meeting where the resignation is discussed and accepted, and it forms the basis for subsequent actions such as updating the company's statutory records and making required regulatory filings.

1. Title and Company Details: Full legal name of the company, CIN, registered office address, and title of the document

2. Meeting Details: Date, time, venue of the board meeting, and details of directors present

3. Chair Appointment: Statement regarding who was appointed as the chairperson for the meeting

4. Resignation Notice: Reference to the resignation letter received from the director, including date of receipt and effective date of resignation

5. Main Resolution: Formal resolution text accepting the resignation and recording the board's acceptance

6. Filing Requirements: Instructions for filing necessary forms (DIR-11, DIR-12) with the Registrar of Companies

7. Vote of Thanks: Acknowledgment of the director's services and contribution to the company

8. Closure: Closing statement with signature requirements and company seal provisions