Section 416 Resignation of Members – Companies Act 2013

Amended and updated notes on section 416 of Companies Act 2013. Detail discussion on provisions and rules related to resignation of Members.

Amended and updated notes on section 416 of Companies Act 2013. Detail discussion on provisions and rules related to resignation of Members.

Chapter XXVII (Sections 407-434) of the Companies Act, 2013 (CA 2013) deals with the provisions related to National Company Law Tribunal and Appellate Tribunal i.e. NCLT and NCLAT. Section 416 of CA 2013 provides for resignation of Members.

Recently, we have discussed in detail section 415 (Acting President and Chairperson of Tribunal or Appellate Tribunal) of CA 2013. Today, we learn the provisions of section 416 of the Companies Act 2013.

The provisions of section 416 are effective from 1st June, 2016. You may refer Notification No. S.O. 1934(E) dated 1-06-2016. In this article, you will learn detail of the provisions of section 416 the Companies Act 2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.XXVII
Chapter NameNational Company Law Tribunal and Appellate Tribunal
Section No.416
Section NameResignation of Members
Monthly Updated EditionCompany Law PDF

Section 416 of Companies Act 2013: Resignation of Members

Section 416 shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.

The President, the Chairperson or any Member may, by notice in writing under his hand addressed to the Central Government, resign from his office:

Provided that the President, the Chairperson, or the Member shall continue to hold office until the expiry of three months from the date of receipt of such notice by the Central Government or until a person duly appointed as his successor enters upon his office or until the expiry of his term of office, whichever is earliest.


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