Process KMP resignation or removal: Board acceptance, file DIR-12, intimate exchange
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
Receive resignation letter or Board decides removal of KMP.
Board notes and accepts the resignation/removal at Board Meeting.
File Form DIR-12 within 30 days of cessation.
Notify exchange immediately for listed companies.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.