Addition of Director/Partner

APPOINTMENT OF DIRECTOR

Every company is required to have certain numbers of directors in the company to constitute the Board as per the provisions of Companies Act, 2013. The criteria for numbers of Directors is differ for every type which is also prescribed in law. A private Limited Company shall be consist at least 2 number of director whereas a Public Limited and One Person Company shall consist at least 3 and 1 director respectively. A person who is not disqualified in terms of provisions specified in the act and competent in the eye of law can be the director of the company.

Key Considerations:

•    Minimum two directors in case of Private Limited Company.

•    Minimum three directors in case of Public Limited Company.

•    In the case of one person Company minimum one director.

•    Maximum 15 directors any Company shall have If Company wants to have more than 15 directors necessary approvals is required under the law.

•    Further, every Company should have one Resident Director (i.e a person who has lived at least 182 days in India in the previous calendar year.)

•   Director’s appointment is covered under section 152 of Companies Act, 2013, along with Rule 8 of the Companies (Appointment and Qualification of         Directors) Rules, 2014.

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Benefits of adding new Director

Fresh Perspective

Bringing a new person can help in providing new opportunities to business. This helps ensure the business operates more successfully going forward.

Experience Sharing

Experience ensures that decisions are backed up with a real-life understanding of reacting and solving problems within a business.

Network Building

Being able to tap into a network like that will open the door to new opportunities on a daily basis.

Funding

In case the director is also bringing the investment in company in the form of shareholding, can be a greater advantage to the company financial affairs to run smoothly.

Necessary Documents for Addition of Director

PAN Card

Copy of pan card of director

ID Proof

Driving Licence or Passport or Voter ID of director

Residence Proof

Bank statement of current month

Photo

Passport size photo of director

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Check out what's in the kit for you

  •   Allotment of DIN (in case of new director)
  •   Issuance of DSC( in case of new director)
  •   Draft Board resolution and agenda to be transact in Board Meeting
  •   Draft Agenda for the meeting of Members
  •   Draft Notice for meeting of members
  •   Assistance in conducting General Meeting
  •   Draft minutes of the meeting
  •   Submission of e-Forms with MCA

RS. 4,999/-
RS. 2,499/- Professional Fees

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* Above mentioned cost is professional fees. Govt. fees would be on actuals.

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FAQ's on Addition of Director

Yes, a foreign resident or foreign citizen can be director in Indian company.

Yes. Director can be appointed in more than one company.

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