Pursuant to art.171 of Law no.220/2007 on the state registration of legal entities and individual entrepreneurs, an administrator may renounce their capacity as administrator and request removal from the register if they prove that:
- the term for which they were appointed has expired; or
- the capacity of administrator has ceased on a ground provided for by law or by the constitutive documents; or
- in accordance with the law or the constitutive act, they are entitled to request the cessation of their capacity as administrator and that more than 30 days have passed since they requested the competent body to adopt an act on the cessation of their capacity as administrator.
In the case provided for in letter c), the administrator wishing to renounce their capacity as administrator must convene, within the period provided for in letter c), a meeting of the competent body of the legal entity.
The provisions of labour legislation may not be invoked in order for the renunciation to take effect before the meeting of the competent body of the legal entity.
The legal entity is obliged, within the period provided for in letter c), to adopt the necessary decision and to take other measures in order to terminate the capacity of administrator and to complete the publicity formalities required by law.