RESPONSIBILITY OF OUTGOING DIRECTOR

As per Clause 168, A director may resign from his office by giving notice in writing. The Board shall, on receipt of such notice, intimate the Registrar and also place such resignation in the subsequent general meeting of the company. The director shall also forward a copy of resignation along with detailed reasons for the resignation to the Registrar. 

The notice shall become effective from the date on which the notice is received by the company or the date, if any, specified by the director in the notice, whichever is later.