Director Resignation Form Template for Singapore

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Key Requirements PROMPT example:

Director Resignation Form

"Need a Director Resignation Form for immediate resignation from a SGX-listed company, including handover provisions for ongoing projects and confirmation of compliance with SGX listing requirements, effective March 15, 2025."

Document background
The Director Resignation Form is a crucial document required under Singapore corporate law when a director wishes to step down from their position. It must be submitted to ACRA within 30 days of the effective resignation date and serves multiple purposes: officially documenting the resignation, protecting both the director and company's interests, and ensuring compliance with regulatory requirements. The form typically includes personal details of the resigning director, company information, effective date of resignation, and any relevant declarations regarding outstanding obligations or company property.
Suggested Sections

1. Director Details: Full name, NRIC/Passport number, and residential address of the resigning director

2. Company Details: Company name, registration number, and registered address details

3. Resignation Statement: Clear and unambiguous statement of resignation including the effective date

4. Confirmation of No Claims: Statement confirming no outstanding claims against the company and release of liabilities

5. Signature Block: Space for director's signature, date, and witness details if required

Optional Sections

1. Handover Statement: Details of handover arrangements and timeline for transfer of responsibilities

2. Notice Period Declaration: Statement regarding notice period compliance as per company constitution

3. Confidentiality Statement: Declaration of ongoing confidentiality obligations post-resignation

4. Outstanding Matters: List of pending matters or unresolved issues requiring attention

Suggested Schedules

1. ACRA Form: Official ACRA form for notification of director cessation

2. Handover Documents: Schedule listing all documents and responsibilities being transferred

3. Board Resolution: Copy of board resolution accepting the resignation (if already passed)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Companies Act (Cap. 50): Primary legislation governing corporate matters including Section 145 (Vacation of office of director), Section 173 (Notice of resolution to remove director), and Section 165 (Company's register of directors)

Corporate Governance Code: Guidelines for corporate governance including requirements for board composition and director independence requirements

ACRA Requirements: Regulatory requirements from the Accounting and Corporate Regulatory Authority including BizFile+ filing requirements, form submission timelines (within 30 days), and digital signature requirements

Company Constitution: Company's governing document containing specific provisions for director resignation procedures, notice periods, and board composition requirements

SGX Listing Rules: For listed companies: Requirements for announcement of director changes and additional disclosure obligations

Securities and Futures Act: For listed companies: Regulations regarding disclosure obligations and material information requirements

Employment Act: Relevant if director is also an employee, covering notice period requirements and employment termination provisions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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