Resignation of Nominee Director Reasons for Resignation: 1. Change in shareholder structure: Change in ownership or shareholder structure. 2. Conflict of interest: Conflict between nominee director's duties and interests. 3. Personal reasons: Personal reasons, such as health or career changes. Process: 1. Notice period: Provide notice period as per agreement or articles. 2. Board meeting: Inform the board of directors. 3. Filing with ROC: File resignation with Registrar of Companies. Key Considerations: 1. Fiduciary duties: Ensure compliance with fiduciary duties. 2. Confidentiality: Maintain confidentiality. 3. Smooth transition: Ensure smooth transition. Documentation: 1. Resignation letter: Submit formal resignation letter. 2. Board resolution: Pass board resolution accepting resignation. Post-Resignation: 1. Remove from director's register: Update director's register. 2. Inform stakeholders: Inform stakeholders, such as banks and auditors. By following the proper proc...