A director within a company may opt to resign, or the Board of Directors might seek to remove a director for various reasons. The director has the option to step down by submitting a resignation letter to the company and concurrently notifying the Registrar of Companies (ROC) of the same.
A director is an individual chosen by the shareholders of a company to oversee the company’s operations in accordance with the provisions outlined in the Memorandum of Association (MOA) and Articles of Association (AOA).
The allotment of a Director Identification Number (DIN) is the prerequisite for any person before the appointment as director of a company or designated partner of an LLP.