Respected All,
I am Rajneesh Kumar Kesarwani, and I work as an Assistant Manager of HR in a Microfinance Company. I report directly to the company's Managing Director.
The question is, if the Managing Director resigns, do I have the authority to accept his resignation?
From India, Delhi
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2I am Rajneesh Kumar Kesarwani, and I work as an Assistant Manager of HR in a Microfinance Company. I report directly to the company's Managing Director.
The question is, if the Managing Director resigns, do I have the authority to accept his resignation?
From India, Delhi
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Dear Rajneesh Kumar Kesarwani,
The Managing Directors are owners of the company. They do not resign. If it is a public limited company, the MD may resign, but the board nominates the successor immediately. In the private limited company, there is no question of MD resigning. He might sell the company to someone else. The new owner becomes the MD immediately.
Your query is should you accept the resignation of MD or not. This question will arise provided you receive the resignation. No MD will forward his/her resignation to the Asst Manager of HR. A letter of resignation is submitted to the superiors or to the Board of Directors and not juniors!
Thanks,
Dinesh Divekar
From India, Bangalore
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The Managing Directors are owners of the company. They do not resign. If it is a public limited company, the MD may resign, but the board nominates the successor immediately. In the private limited company, there is no question of MD resigning. He might sell the company to someone else. The new owner becomes the MD immediately.
Your query is should you accept the resignation of MD or not. This question will arise provided you receive the resignation. No MD will forward his/her resignation to the Asst Manager of HR. A letter of resignation is submitted to the superiors or to the Board of Directors and not juniors!
Thanks,
Dinesh Divekar
From India, Bangalore
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Since yours is a microfinance company MD of your company will hand over the charge to the new owner/MD. It is not necessary that MD’s resignation to be received by you.
From India, Aizawl
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From India, Aizawl
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Hi,
Even if you accept the resignation of the Managing Director, it will not be valid. Usually, the Managing Director reports directly to the CEO, and hence the resignation should be submitted to the CEO of the company. It depends on the company's hierarchy structure.
From India, Madras
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Even if you accept the resignation of the Managing Director, it will not be valid. Usually, the Managing Director reports directly to the CEO, and hence the resignation should be submitted to the CEO of the company. It depends on the company's hierarchy structure.
From India, Madras
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MD has handed over the resignation letter, but that doesn't mean you are the accepting authority; it was meant for processing the resignation. You have to bring this immediately to the notice of the owner or the highest authority and take orders. You can communicate to the erstwhile MD that the order of the competent authority should be followed. Your role is that of an intermediary, and you should take action in that capacity.
From India, Mumbai
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From India, Mumbai
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