Resignation of Company Officers (Director Approvals Package)

Resignation of Company Officers (Director Approvals Package)

When it’s time for a director to move on from a company, it’s important to tie up any loose ends and make the process as streamlined and efficient as possible.

This do-it-yourself custom document generator helps you draft a Pack for Resignation of Directors/Officers that contains everything you need.
$ 49 incl GST
Resignation of Company Officers (Director Approvals Package)

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How does it work?

Our intuitive tool will guide you through the process step-by-step from start to finish. It’s quick, easy and simple to understand – just how legal documents ought to be.

The expert interview wizard will help you answer a few questions and prepare your document in the background. You’ll have your custom Pack for Resignation of Directors/Officers in 10 minutes or less.

When you’re done, print or download a PDF versions for you to review, customise or sign.

What is a Pack for Resignation of Directors/Officers?

A Pack for Resignation of Directors/Officers is a set of all the documents required to process the resignation of up to 5 company officers. Resignations can be set to take effect immediately, on a specified date, or subject to the satisfaction of any specified conditions.

Each officer can resign as a director, company secretary or both. Our intuitive tool will determine whether to use written resolutions or a board meeting, based upon your answers. 

The pack includes a notice of the board meeting, if required, as well as a customised resignation letter from each departing officer.

When should I use a Pack for Resignation of Directors/Officers?

The  Pack for Resignation of Directors/Officers should be used if;

You are a director or officeholder of a company informing your company of your intention to resign from your current position as company officeholder.

Or you are preparing for the resignation of another officeholder.

What topics does a Pack for Resignation of Directors/Officers cover?

  • Details of resigning officers
  • Company details (ACN, Name, Place of Business)
  • Details of existing directors and voting eligibility
  • Details of resignation
  • Customised resignation letters for each officeholder that is resigning
  • Waiver of any/all claims that the officer may have against the company in respect of their position as a company officeholder 
  • Deed Poll
  • Signing of  Pack for Resignation of Directors/Officers
  • Fees and charges
  • Governing law and jurisdiction
  • Notices

What are the main decisions I need to make in creating a Pack for Resignation of Directors/Officers?

  • How many directors does your company currently have? 
  • How many of the continuing directors are entitled to vote on these resolutions?
    Typically, all of the continuing directors would be entitled to vote on these resolutions, but it’s possible that some might be precluded from voting in certain circumstances.
  • Are all of the directors who are entitled to vote on these resolutions available to sign?
    In order to use written resolutions, every director who is entitled to vote on these resolutions will need to sign the resolutions. They don’t all have to sign the same document – counterparts are OK too.
  • Are written director resolutions precluded by the constitution?
    A constitution will usually expressly permit written director resolutions, rather than preclude them, but this check is required to make sure.
  • Are written director resolutions precluded by the shareholders’ agreement?
    A shareholders’ agreement would not normally preclude the use of written director resolutions, but this check is required to make sure.
  • When do you want the resignations to take effect?
    You can choose if the resignations will take effect;
    1. As soon as these resolutions are passed
    2. On a specified date
    3. Subject to something else occurring

What other names does a Pack for Resignation of Directors/Officers go by?

A  Pack for Resignation of Directors/Officers is also known as: 

  • Officer Resignation Pack
  • Director Resignation Pack
  • Director Resignation Bundle
  • Director Resignation Letter
  • Notice of Resignation
  • Directors Resolution for Resignation of Officeholder(s)

Frequently Asked Questions

This document is necessary when you would like to document the resignation of a company officer/director.

The parties are the current directors and the officeholder that is resigning.

A Resignation of Company Officers pack is prepared when an office holder has indicated they intend to step down from their position.

  • Details of office holder(s) that are resigning
  • Company details (ACN, Name, Place of Business)
  • Details of existing directors and voting eligibility
  • Details of resignation 
  • Choice of Governing Law

The appointments pursuant to these resolutions must be notified to the Australian Securities and Investments Commission (ASIC) using their online system within 28 days after the date on which the appointments take effect.

A resignation letter for each resigning officer is included as part of this package at no extra charge. 

The resignation letter includes a waiver of any/all claims that the officer may have against the company in respect of his/her position as an officer of the company. 

In order for this to be legally binding, the resignation letter is drafted as a “deed poll”, which means that the signature of the resigning officer will need to be witnessed. 

It is only binding once executed correctly.  

There are several signing options available. How you sign largely depends on where the parties are located and if they will attend signing together. You can print on paper and sign, or use electronic signature tools such as Docusign or Hellosign.

If you need any assistance please contact us directly, we would be happy to assist.

If you have any questions or are uncertain about any aspect of the document please do not sign it or use it, please contact us directly and we would be happy to assist.

Absolutely! Get in touch with us and we can provide a fixed-fee price to review it.

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