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Business & Compliance

CHANGES AND CORRECTIONS

Addition of Directors



Addition of Directors:

Additions of Directors can be required for a company from time to time based on the requirements of the shareholders of the business. Director of a company is a person elected by the shareholders for managing the affairs of the company as per the Memorandum of Association and Articles of Association of the company. Since a company is an artificial judicial person created by law, it can only act through the agency of natural persons. Thus, only living persons can be Directors of a company and the management of a company is entrusted to the Board of Directors.

To appoint a director, the person proposing to become a Director must obtain a digital signature certificate (DSC) and director identification number (DIN). DIN can be obtained for any person who is above the age of 18. The nationality or residency status of the DIN applicant does not matters. Hence, Indian Nationals, Non-Resident Indians, and Foreign Nationals can obtain DIN and be appointed as Director of a company in India.

Types of Directors in a Company:

Managing Director

 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

 Director, who is in full-time employment of the company Executive directors are deeply involved with the management of the company and managing affairs of the company.

Ordinary Director

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 or Managing Directors.

Additional Director

Additional Director is 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

Alternate Director is someone appointed by the Board of Directors in a general meeting to act as 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.

DOCUMENTS REQUIRED FOR THE ADDITION OF DIRECTORS ARE:- (All copies of documents should be self attested by the customer)

Company number

Company name

Address proof of the company

Address proof of the director

Id proof of the director

PROCESS:

Filling the application with company details

Date of director’s appointment

New director details

New director service address

New director resident address

Consent to act as a director

Signature


How we help with Adding Directors

Councelling/Consulting

Our market specialists will work closely with you to define your market strategy and then provide you the tools for implementing and executing the right approach.

Board Resolutions

While we provide the understanding of the process which is involved in appointing a Director to your Company, our Experts will release the genuine Resolutions for the step by step process.

Filing

Here the Board solutions are passing our Experts who will prepare and file the necessary Reports with the Ministry of a Corporate link to register the addition of new Directors.

Various DIRECTORS In a Organisation

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Commanding Head

Here manager only manages and directs he who's knows the Articles of Association of a company or an agreement with the company or a solution passed in its general meeting, or by its Board of Directors.

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Executive Director

Here Director is an executive director, who is in full-time employment of the company. So executive directors are deeply involved with the management of the company and managing affairs of the company.

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Other Directors

Director is who appointed by the Board of Directors between two annual general meetings subject to the provisions of the Articles of Association of a company. Consequently, Directors can hold office only up to the date of next annual general meeting of the Company.

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Standard Director

Here Director means a simple Director who attends the general Board Meetings of a company and participates in the matters who put before the Board of Directors. These Directors are neither whole-time Directors nor Managing Directors.

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Alternate Director

Substitute Director is somebody delegated by the Board of Directors in a general meeting to represent a Director called the first executive amid his/her nonappearance for a time of at the very least three months.