permanent employee 'B' is concerned, he has not given three months notice required by clause (a) of Statute 204 but has given say two months notice as also not paid three months pay in lieu of notice but say has paid two months pay. In that case, the management will have to invoke clause (c) for considering whether to exercise discretion of waiving the notice period or notice pay in part or in full. In the case of permanent employee 'C', he does not give any notice and also does not pay any amount equal to three months' pay and pays lesser amount. Even in that case, the management will have to invoke clause (c) of Statute 204 for considering whether to exercise discretion of waiving notice pay in part or in full. In the case of permanent employee 'A', it will be an effective resignation which perhaps would not require management to invoke clause (c) of Statute 204. In that case, it will not be necessary for the management to accept the resignation. I am not expressing any final opinion on this point as the said issue is not involved in these Petitions. In so far as permanent employees 'B' and 'C' are concerned, surely, the management will have to invoke clause (c) of Statute 204. In that case, it cannot be said that employees 'B' or 'C' tendered effective resignation. The management will have to exercise discretion in terms of clause (c) of Statute 204, and waive either notice period or notice pay in part or in full. The resignation given by employee 'B' or 'C' is dependent, for its effectiveness, on the acceptance by the Governing Body, and therefore, employee 'B' or 'C' has an unqualified right to withdraw the resignation until the same is accepted by the authority. In other words, the position is that where the resignor has a right to resign but the resignation can be effective only after acceptance, it is a bilateral act. That is to say, resignation by one and acceptance of resignation by the other. Unless the two acts are completed, the transaction remains in an inchoate form. That is to say, a resignation sent by a servant is no resignation in the eye of law until