Appointment of Director in the Company With Firm Registration
- Must have DIN
- Should be above 18 years of age
- Simple & Secure Online Process
- Dedicated Professional
- Expert CS Advice
- Get your appointment filed in 4-5 days
Introduction
At Tax and Services, we recognize the significance of director appointments in shaping the trajectory of a company. Our platform is designed to provide you with the legal expertise and resources necessary to navigate this crucial aspect of corporate governance seamlessly.
Minimum Number of Director
In case of Private Limited Company - Minimum Two Directors and Maximum Fifteen
In case of Public Company - Minimum Three Directors and Maximum Fifteen
In case of One Person Company - Minimum One Director
What is the Need to Hire a New Director
Broadening the base of Director's
For operational and managerial responsibility without the dilution of ownership
Broadening the base of Director's
For operational and managerial responsibility without the dilution of ownership
Minimum Requirements for Appointment of a Director
- Sound mind
- Not be un-discharged as an insolvent.
- Not applied to be adjudicated as an insolvent for which application is pending
- Not be convicted by a court of any offence or sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence
- The court or Tribunal has not passed any order for disqualification against the person being proposed to be appointed as Director
- Not failed to pay any calls in respect of any shares of the company held by him/her, whether alone or jointly with others and six months have elapsed from the last day fixed for the payment of the call.
- Must have a Director\'s Identification Number
Documents Required
Passport size photograph of the Director whose appointment is required to be made
Pan Card of the Director to be appointed
Proof of residence and Identity (Aadhar Card, Voter ID, Passport, Driving License)
Proof of Permanent Address which can be a Utility Bill (not older than 2 months), Copy of Bank Passbook/Bank Statement
Process of Change in the Director of the Company
1. Complete the Application Form
2. Document Processing
3. Drafting of Board Resolution and Filing the same with ROC
4. Approval from the Ministry of Corporate Affairs
More Insights on appointment of Director
1. Appointment of Additional Director
The additional director is appointed U/s 161(1) of the Companies Act, 2013. The board of directors can appoint additional directors, by conducting a Board Meeting if authorised under Articles of the Company. An additional director can hold office only upto the date of next annual and should be regularized in AGM.
2. Appointment of Alternate Director
The alternate director is appointed U/s 161(2) in case the earlier appointed director is absent for a period of minimum 3 months from India. He shall hold the office until the tenure of original director and shall vacate if original director returns to India. Alternate director can be appointed by the board if authorized by the Articles.
3. Appointment of Directors in case of casual vacancy
If any vacancy has been caused due to death of any director or resignation of any director, the Board of Directors can appoint a new director to fill such vacancy. The directors under casual vacancy are governed by Section 161(4) of the Act.
4. Appointment of Women Director
Every listed company and public companies having paid up capital of Rs. 100 crores or turnover of Rs. 300 crore or more are required to mandatorily appoint at least one Woman Director in the Company.
5. Appointment of Independent Director
Every listed company shall have at least 1/3 of the total number of Board of Directors as Independent Directors and every public company to have minimum 2 independent directors who fulfill any of the criteria . Paid up share capital of Rs. 10 crores or more . Turnover of Rs. 100 crores or more . Aggregate outstanding loans, debentures, and deposits, exceeding Rs. 50 crores