TIOL-DDT 2522 · Wednesday, 21 January 2015 · story 5 of 7

Company Law -Resignation of Director - Rule amended

AS per Rule 16 of the Companies (Appointment and Qualification of Directors) Rules, 2014,

Where a director resigns from his office, he shall within a period of thirty days from the date of resignation, forward to the Registrar a copy of his resignation along with reasons for the resignation in Form DIR-II along with the fee as provided in the Companies (Registration of Offices and Fees) Rules 2014 .

Now the following proviso is inserted:

"Provided that in case a company has already filed Form DIR-12 with the Registrar under rule 15, a foreign director of such company resigning from his office may authorise in writing a practising chartered accountant or cost accountant in practice or company secretary in practice or any other resident director of the company to sign Form DIR-II and file the same on his behalf intimating the reasons for the resignation."

Ministry of Corporate Affairs Notification., Dated: January 19, 2015