Section 10FU - Resignation of Chairperson and Members. - Companies Act, 1956

Resignation of Chairperson and Members. [1] [10FU. The Chair-person or a Member of the Appellate Tribunal may, by notice in writing under his hand addressed to the Central Government, resign his office: Provided that the Chairperson or a Member of the Appellate Tribunal shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry of three months from the date of receipt of such notice or until a person duly appointed as his success or enters upon his office or until the expiry of his term of office, whichever is the earliest.] --------------------------- Notes:- [1] Inserted by the Companies (Second Amendment) Act, 2002, w.e.f. 1-4-2003.