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Appointment of Director
@ ₹2,999*
In just 5 days
In any city of India
Fast and easy online process
Less paperwork & timely updates
*Professional fees
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Appointment of Director
A Director is a senior management personnel who manages the business of the Company. A person is first appointed as an Additional Director by passing a resolution by the Board of Directors and is then confirmed as a Director by the Shareholders at the upcoming Annual General Meeting of the Company.
The process of appointment of a Director in a Private Limited Company is governed by the Companies Act, 2013 and the Company's Articles of Association. The process typically includes the following steps:
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The Board of Directors must pass a resolution proposing the appointment of the new Director.
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The resolution must be ratified by a majority of the shareholders at a general meeting.
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The new Director must file a declaration of eligibility and consent to act as a director with the Company.
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The Company must file a form with the Registrar of Companies, along with the necessary fees, to register the appointment of the new Director.
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The new Director must also obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs and a Class 3 Digital Signature Certificate (DSC).
It's important to note that there are certain disqualifications for appointment as a Director as per Section 164 of the Companies Act 2013, such as, a person who is of unsound mind, a person who is an undischarged insolvent, a person who has applied to be adjudicated as an insolvent etc.
What are the documents required?
The documents required for appointment of director in a private limited company are listed below:
PAN card
Aadhaar card
Latest bank statement
How it works
Consultation
Schedule a free consultation call with our experts to discuss your business needs and goals. Our team will provide personalized advice on the legalities, compliance, mandatory filings and services for your specific requirements.
Documentation
We help you gather, prepare, and verify all necessary documents. Our comprehensive checklist and expert guidance ensure that your paperwork is complete and accurate, reducing delays and complications.
Processing
Once your documents are ready, we handle the entire compliance process. Our team keeps you informed with regular updates, ensuring a smooth, stress free and transparent experience from start to finish.
Completion
Achieve Milestones Effortlessly as you receive your filing status of your e-forms and other mandatory documents promptly. Our full support ensures you to complete the ROC filing of your Company successfully.
Ongoing Support
Stay compliant and stay confident with Let's Start by your side. Our comprehensive corporate compliance services ensure your business adheres to all legal requirements, allowing you to focus on growth and success.
Our Clients love us!
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Frequently Asked Questions (FAQs)
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What is a DIN?DIN is an eight digit unique Director Identification Number, with a life time validity, allotted by the Central Government to any person intending to be a Director or an existing Director of a Company.
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What is a DSC?A Digital Signature Certificate (DSC) is the digital equivalent (electronic format) of physical or paper certificate. Digital signatures provide the highest levels of assurance about the signer's identity and the authenticity of the documents they sign.
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Is a Company required to re-register in the future?No, a Company is not required to be re-registered. A Company has perpetual succession, which means it enjoys continuous existence as long as the Company complies with the statutory and regulatory filings.
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Can a home address be used as the registered office address of the Company? Is it possible to change the address after incorporation?Yes, a home address can be used as the registered office address of the Company, which can also be changed after incorporation.
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What is ROC?The Registrar of Companies (ROC) is an office under the Ministry of Corporate Affairs (MCA), which is the body that deals with the administration of Companies and Limited Liability Partnerships in India.
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Are the Directors or Shareholders required to visit the ROC for the incorporation of their Company?The entire incorporation process is completed online. The incorporation documents are filed electronically and don’t require the Directors or Shareholders to visit the ROC physically.
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Are their any rules to choose the Company name?There are certain naming guidelines put in place by the Registrar of Companies, which are required to be followed. Abiding by the guidelines ensures easy approval of the name.
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Can I work in a company as a salaried employee and also be the Director of my own Company?Yes, an employee of a Company can also be a Director in another company. However, the terms of the employment/service agreement/appointment letter have to be checked to ensure there are no restricting clauses.
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What is the minimum capital requirement for incorporating a Company and how is it invested in the business?There is no specific minimum capital requirement for incorporating a Company. The capital must be deposited by the Shareholders in the bank account of the Company for running the business.
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Can NRIs or foreign nationals incorporate a Company in India?Yes, NRIs or foreign nationals can incorporate a Company in India. However, the Act requires at least one of the Directors to be an Indian Resident.
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What is the meaning of limited liability?Limited liability is a form of legal protection for shareholders and owners that prevents individuals from being held personally responsible for their Company’s debts or financial losses. It is the condition by which shareholders are legally responsible for the debts of a Company only to the extent of the nominal value of their shares.