I`ve formed a limited company within the last year there are three directors can one resign in the first year?

Question

I`ve formed a limited company within the last year there are three directors can one resign in the first year?

Answer 1

Yes, there is no service bond. A director of a company can resign any time. If the company is in its first year of operation, he must have been a person named in the Articles of Association as a director. A resolution in the Board meeting accepting his resignation should be passed, and the document for change in directorship should be filed with the Registrar of companies. The vacancy created by his resignation can be filled up in the ensuing General body meeting by appointing a new person in his place.