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Legal Guide To Appointment Of Director

Online Legal India LogoBy Online Legal India Published On 18 Dec 2020 Updated On 06 Jan 2023 Category Legal

A Company acts through the agency of natural persons, it is a legal entity represented by an association of people. The Directors

of a company and the management of a company is entrusted to the Board of Directors. However, the Appointment of Directors can be required for a company from time to time based on the requirements of the shareholders of the business. This article will enlighten you about the Appointment of a Director.

What is the meaning of Director in Company?

A 'Director' is a uniformly elected individual by a Company; a person appointed or elected according to law, authorised to manage and direct the affairs of company policies.

Types of Director in Company

The following are the types of Director in Company:

  • Managing Director
  • Whole-time Director or Executive Director
  • Ordinary Director
  • Additional Director
  • Alternate Director
  • Professional Director
  • Nominee Director

Conditions for Appointing Directors

The following conditions are applicable when appointing a director:

  1. An individual should not have been sentenced to imprisonment for any period, or a fine imposed under several statutes.
  2. An individual should not have been detained or convicted for any smuggling activities, under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974.
  3. An Individual should have completed twenty-five (25) years of age, but be less than the age of seventy (70) years.
  4. An individual should hold Indian Citizenship.

 

 

Procedure for the Appointment of a Director

  1. Hold a Meeting of the Board of Directors
  2. Consent and Declaration from the Proposed Director
  3. Obtaining DIN and Digital Signature Certificate
  4. Hold a General Meeting
  5. Filing of Returns with the ROC
  6. Obtain Form MBP-1 from the Appointed Director
  7. Making Necessary entries in Register of Directors
  8. File Necessary Amendment Application to GST, Tax Authorities Other regulators

How can we help you?

The process of Appointing a Director includes huge paperwork. So, we at Online Legal India™ can help you and make this process simple and easy.

We have served more than 1,20,000 happy customers and have the finest legal minds in the business who would give you assistance across the country.


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