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According to the Companies Act, 2013, a Director is a person responsible for managing the operations and overall functioning of a company. A director is either elected or appointed by the Board of Directors and is entrusted with the authority to manage and oversee all managerial affairs of the company. The provision to appoint or add new directors is governed by the Articles of Association (AOA) of the company, provided the minimum requirements and conditions are met.
Private Limited Company – Minimum of 2 directors
Public Limited Company – Minimum of 3 directors
One Person Company (OPC) – Minimum of 1 director
Section 8 Company (NGO) – Minimum of 2 directors
Finca Work – Legal Consultants is here to help you strengthen your company’s managerial structure by seamlessly adding or appointing new directors to your company. Our experts ensure that the entire process is quick, compliant, and hassle-free.
As per section 161 and section 169 of the Companies Act, 2013, the Articles of Association of a company empowers the Board of Directors with the right to appoint new Directors or to remove existing ones in a company. It is important to note that a clause related to the appointment or addition of a new Director must be present in the AOA. Here is how Finca Work completes the process to add new director in your company.
Fincawork a leading Business Consultant, offers quick Appointment of Director in India with four simple steps:
1) Preparation of Digital Signature Certificate (DSC) of New Directors
2) Allotment of DIN (Director Identification Number) of New Directors
3) Preparing Forms and Documents
4) Filing e-forms with MCA.
Managing director (MD) is the Director who is entrusted with substantial powers to manage corporate affairs of the company.
The Director, who is in full-time employment of the company and is substantially involved in the management of the company affairs.
The Director, appointed by the Board between two AGMs. Such Directors can hold office only upto the date of next Annual General Meeting (AGM) of the Company.
The Director, appointed by the Board in a general meeting to act in place of Original Director during his/her absence for a period of not less than three months.
The Director who attends the Board Meetings and participates in the matters put before the Board of Directors. These are neither whole-time or Managing Directors.
Appointment of Directors in a company is quite easy with Finca Work. To add new directors in your company, following are the documents required for the online process:
1st we apply for DSCs of all person who intends to be the Director. Digital Signatures are required for signing all the eforms.
Next we will apply for Director Identification Number (DIN). Its is the 8 digit unique number allotted by the MCA to each director of the Company.
Meanwhile applying for the DSC, we help you in passing Board Resolution of the Company for appointment, Appointment letter, Eligibility Letter, etc.
Next day, after preparation of all the documents and DSC, we upload e-forms prepared in step-3 on the MCA portal which instantly takes the effect.
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