Directors are responsible for managing company’s policies and procedures and thus have a significant role to play. Every company, being either public or private must comply with statutory requirements of minimum number of directors i.e. 3 for public and 2 for private.
Quick insights into compliance requirements:
WHAT YOU GET
There may be many reasons for resignation ranging from personal to ethical. Some of the reasons are enlisted below:
Form DIR-12 shall be documented by the company with the concerned Registrar of Companies within 30 days of removal.