Appointment of Director
Director of a company is a person elected by the shareholders for managing the affairs of the company as per the Memorandum of Association & Articles of Association. Since it is an artificial judicial person created by law and it can only act through the agency of normal person. Thus, only living persons can be Directors and management of a company when it is entrusted to the Board of Directors. Appointment of Directors can be required for a company from time to time based on the requirements of the shareholders of the business.
To appoint a director, the person proposing to become a Director must obtain a digital signature certificate (DSC) and director identification number (DIN) respectively. DIN can be obtained for any person who is above the age of 18 years. The nationality status of the DIN applicant does not matter. Hence, Indian Nationals, Non-Resident Indians and Foreign Nationals can obtain DIN and can appoint as Director of a company.
BusinessCrow is the leading business services platform in India, offering a variety of services like company registration, trademark filing, GST registration, income tax filing and more. BusinessCrow can help you to appoint a director in your company. The estimated time taken to file for appointment of director is about 10-15 days, as subject to government processing time and client document submission.
Types of Director in a Company
Managing Director is a Director, who by virtue of Articles of Association of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of managed of affairs of the company.
Executive Director is a Director, who is in full-time employment of the company. Hence, executive directors are deeply involved with the management of the company and managing affairs of the company.
Ordinary Director means a simple Director who attends the Board Meetings of a company and participates in the matters put before the Board of Directors. These Directors are neither whole-time Directors nor Managing Directors.
Additional Director is someone appointed by the Board of Directors between two annual general meetings subject to the provisions of the Articles of Association of a company. Additional Directors can hold office only up to the date of next annual general meeting of the Company.
Alternate Director is someone appointed by the Board of Directors in a general meeting to act for a Director called the original director during his/her absence for a period of not less than three months. Generally, alternate Director is appointed for a person who is a Non-Resident Indian or Foreign Collaborators of a company.
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FAQon Appointment of Director in Company in India
- Filing of Annual returns via Form MGT 7 & Form AOC 4
- Complying with AGM documentation
- Maintenance of Minutes book and Statutory registers
- Timely issue of Share certificates
- Yearly Disclosure of Interest by Directors
- ROC Filing for Event based compliances as given below
- Issue or new Allotment of Shares
- Change of name andMain objects of the Company
- Appointment & Resignation of Directors
- Transfer of Shares
- Appointment of MD or CEO
- Change in the Registered Office
- Change in theAuthorized Capital/ Paid-up Capital
- Charge registration upon taking secured loan
- Drafting Resolutions for various meetings
- Changes in DIN
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Rs. 3999.00All Inclusive
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Rs. 6999.00All Inclusive
How BusinessCrow can help with Appointment of Director
BusinessCrow can help you with Appointment of Director
The procedure for Appointing a Director to the Board of a company would depend on the existing Board of Directors. Our Experts will advise you on the procedure which is relevant for you.
Once you obtain an understanding of the procedures involved in appointing a Director to your Company, our Experts will draft the necessary Resolutions for the further procedure.
Once the Board Resolutions are passed, our Experts will prepare and file the necessary documents under the Ministry of Corporate Affairs to register the Appointment of new director.