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:
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.
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.
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 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 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)
Address proof of the company
Address proof of the director
Id proof of the director
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