Draft Resignation Letter of Managing Director Executive Director

The resignation letter of a managing director or a whole time director (executive director) is generally addressed to the Board of Directors or the Chairman of the company.

The notice period of resignation depends on the terms of employment (agreement) with the company.

Once the director submits his resignation, the same will be presented to the Board of Directors in its next meeting or will be circulated by emails and resolution will be passed in that regard.

The company is required to file necessary forms with the Registrar of Companies and do other formalities under the Companies Act.

Here are formats of resignation letters for your reference. Modify them as necessary.

SAMPLE #1

Date: .................

To

The Board of Directors

(Name of the Company)

CIN: .............................

(Regd. Office Address)

Sub.: Resignation from the post of Managing / Executive Director

Dear Sirs/Madams,

I hereby tender my resignation from the post of Managing/ Executive Director of ................... Limited with effect from (Date) due to personal reasons.

I kindly request the Board to accept my resignation and relieve me from my duties and responsibilities at the earliest.

Please arrange to submit necessary forms with the Registrar of Companies and complete any other formalities as may be required under the Companies Act, 2013.

Kindly acknowledge the receipt.

Yours faithfully,

   (signature)

(Name of the Director)

DIN: .....................

(Address)

Mob. .................

SAMPLE #2

Date: .................

From

(Name of the Director)

DIN: .....................

(Address)

Mob. .................

To

The Board of Directors / The Chairman

(Name of the Company)

CIN: .............................

(Regd. Office Address)

Sub.: Resignation

Dear Sirs/Madams,

I hereby tender my resignation from the post of Managing/ Executive Director of ................... Limited due to personal reasons with effect from (Date).

I kindly request the Board to accept my resignation and relieve me from the duties of Managing/ Executive Director of the company w.e.f. (Date).

Please acknowledge the receipt of the letter and arrange to submit necessary forms with the Registrar of Companies, ................, inform any other concerned authorities and complete any other formalities in relation to my resignation as may be required to be done under the Companies Act, 2013.

I wish to place on record my sincere thanks to each member of the Board for their guidance and confidence in me during my tenure.

I thank the management and the staff for extending their support and assistance that I received during the tenure of my directorship.

I wish the company continued success and growth in all its future endeavours.

Yours faithfully,

   (signature)

(Name of the Director)