Should a director remove themselves?

eteb3

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  • Jul 18, 2019
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    I'm not so sure it's so easy. OP is (they think) no longer a director, yet the person signing the TM01 has to declare that they are signing as a director (or secretary, or someone generally authorised by the directors for company secretarial things). Signing a lie and placing it on the public record isn't something I'd be doing in a hurry.

    I assume you're sure the articles allow your resignation to take effect immediately, and that you served it properly (on the company, most likely, rather than on the other directors).
     
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    eteb3

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  • Jul 18, 2019
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    it could be there are current / outstanding financial obligations on the board that OP might be liable for
    Those wouldn't affect whether s/he's a director or not. If the resignation provisions of the articles have been followed, s/he is not a director - if they haven't been, then s/he is.

    Whether the file at CH has been updated or not is irrelevant to the legal facts - though I can imagine the OP may have some difficulties where outsiders rely on the CH info.
     
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    fisicx

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    All you need to do to resign as a director is write to the company offices stating the effective date of the resignation. The TM01 is an administrative form. It isn’t required to resign. If the company fails to complete the TM01 they are in breach of their duties but it doesn’t mean the director hasn’t resigned.
     
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    eteb3

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    The TM01 is an administrative form. It isn’t required to resign.
    +1

    All you need to do to resign as a director is write to the company offices stating the effective date of the resignation.
    No, OP needs to write to the company (at its registered office). If someone is going to have a ruck about the resignation, that sort of thing may matter.

    Assuming model articles, the letter should specify the effective resignation date. But the articles can provide for all sorts of weird and wonderful things, which is why I'm suggesting OP checks them.
     
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