The company will hold a Board Meeting by giving seven days of clear notice (Clear notice means 21 days notice excluding the day on which the notice was sent and received. When the Board meets, they will discuss amongst themselves and decide whether to accept the resignation or not Once the Board accepts the resignation of the director they will pass a Board resolution accepting the resignation in the following format: 1. “RESOLVED THAT the resignation of Mr. XYZ be and is hereby accepted with immediate effect 2. “FURTHER RESOLVED THAT the Board places on record its appreciation for the assistance and guidance provided by MR. XYZ during his tenure as Director of the Company” 3. “RESOLVED FURTHER THAT directors of the company be and are hereby jointly authorized to do all the acts, deeds and things which are necessary to the resignation of aforesaid person from the directorship of the Company