Section 244, The Companies Act, 2009

(1) A limited company, if so authorised by its articles,may, by special resolution, alter its memorandum so as to render unlimited the liability of its directors, managers, or of any managing (2) Upon the passing of the special resolution, and notwithstanding the terms of any contract between a director and the company, the director may resign his office as director and in the event that a director resigns, he shall not be affected by the passing of the special resolution. (3) The passing of the special resolution and any consequent resignation of a director shall not prejudice any existing rights which the director may otherwise have for breach of any contract of service with the company