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
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Introduction
As Members are the owner of the Company likewise the Directors are regarded as the brain of the company who oversees all the managerial work and administers the company’s operations. The Change of Director can take place either by an appointment of new director or through resignation of existing. one.
The appointment of an additional director is done through the consent of the Board of Directors and regularized by the Members of the Company in the next AGM. To bring the change into effect i.e. appointment, an intimation is to be made on the Ministry of corporate affairs Portal by filing certain forms within the due time period.
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
- Maintaining the statutory limit for minimum number of Directors
- Requirement of Agreements or due to statutory regulations
Minimum Number of Director
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
Various Types of Directors
1. Appointment of Additional Director
2. Appointment of Alternate Director
3. Appointment of Directors in case of casual vacancy
4. Appointment of Women Director
5. Appointment of Independent Director
FAQ's on Appointment of Director
DIN or Director Identification Number is unique 8 digit number allotted to any individual who intends to be director in any company. It can be obtained by filing the respective form. Our team will help you out in procuring DIN.
A board resolution passed from the company where the appointment is being made, Proof of Identity and Address and Photograph is required for obtaining DIN.
No, it is a one-time task so a case of more than one DIN doesn’t apply.
Yes, an NRI or Foreign National can be appointed as a Director in the Company. However the documents of the such person must be notarized or appostilled.
Form DIR-12 is required to be filed with Ministry of Corporate Affairs.
Form DIR-12 has to be filed within 30 days of the change in the directorship or appointment of director.
The penalties/ late fees depends on the number of days of delay in filing the form. AS prescribed under the Act the penalties are levied as under :
| Period of delays | Penalty |
| Up to 30 days | 2 times of normal fees |
| More than 30 days and up to 60 days | 4 times of normal fees |
| More than 60 days and up to 90 days | 6 times of normal fees |
| More than 90 days and up to 180 days | 10 times of normal fees |
| More than 180 days | 12 times of normal fees |
Class II Digital Signature Certificate also known as DSC is a digital electronic certificate to represent one’s identity. required for any individual to file any e-form with Ministry of Corporate Affairs or any other govt site. You need not worry about DSC, our team will arrange the same for you.