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Appointment & Resignation of Directors

The component of the Board of Directors known as "Directors" is responsible for supervising, managing, and directing a company's operations. In addition to working as the company's agents in transactions, directors act as trustees for the assets and finances of the business. Biz Registration offers services and information related to the APPOINTMENT & RESIGNATION OF DIRECTORS.
The number of directors is set down in Section 149 of the 2013 Companies Act. A Private Limited Company must have a minimum of two directors. A company may name up to fifteen directors in total. A company may elect more than 15 directors without the consent of the federal government after passing a special resolution in a general meeting.
A director may be appointed or dismissed from the company at any time. The Articles of Association and Companies Act rules govern how and who can be nominated as a new director, even though the articles of incorporation should contain provisions permitting it.

Why Change/Add Directors?

• to bring on fresh talent
• There is no diluted ownership
• ineffectiveness of the current directors
• to comply with the statutory limitation

Methods for Ousting a Director

1. The moment the directors offer to resign
2. The director misses 12 consecutive board meetings.
3. Shareholders may terminate a director.

Amendments to the DIN Rule (Director Identification Number):

• The Companies (Appointment and Qualification of Directors) Rules, 2014 provide that in order to receive a DIN, the firm must submit Form DIR-3 through the MCA site and pay the necessary fees online.
• Before acquiring security clearance from the Ministry of Home Affairs, anyone who is a citizen of a nation that shares a land border with India must obtain a DIN.
• The Ministry of Home Affairs, Government of India, and security clearance must be attached by all directors.

Documents needed to designate a company's director:

• Copy of PAN (Self-attested)
• Copies of identification and address verification (Self-attested)
• Form DIR-2 for Director Consent
• Copy of the shareholder resolution
• A notice of the shareholders' meeting

NOTE – MANDATORY DOCUMENTS

• PAN card (Indian Applicant)
• Passport (foreign Applicant)

Get APPOINTMENT & RESIGNATION OF DIRECTORS done with Biz Registration at ₹ 3999/-

Documents Required
1
Memorandum of Association (M0A)
2
Articles of Association (AOA)
3
Director Identification Number (DIN)
OUR PLAN
APPOINTMENT & RESIGNATION OF DIRECTORS

3999

All Inclusive Fees

  • 1 Digital Signature Certificate
  • 1 director Identification Number (DIN)
  • Resolution
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