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Under section 416 of the Companies Act, 2013, the President or a Member of the National Company Law…

Section 416 requires a signed written resignation addressed to the Central Government. Unless permitted to leave sooner, the office-holder continues until the earliest of…

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Under section 416 of the Companies Act, 2013, the President or a Member of the National Company Law Tribunal may resign by which method?

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Correct answer C

Section 416 requires a signed written resignation addressed to the Central Government. Unless permitted to leave sooner, the office-holder continues until the earliest of three months from receipt of the notice, entry of a duly appointed successor or expiry of the existing term. Oral notice or a Tribunal resolution is insufficient.

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