Add a Director
A director can be added or removed from the corporation at any time. The Articles of Association and Companies Act provisions determine how and who can be nominated as a new director, while the articles of incorporation should allow it. Adding additional directors to a company necessitates following a number of steps, and Instaregistrations is here to assist you in making the process as simple as possible.
Types of Director
1.Managing Director
A Managing Director is a director by virtue of the firm’s Articles of Association, an agreement with the company, or a general meeting or Board of Directors resolution. The board of directors is entrusted with significant management authority over the company’s affairs.
2.Executive Director or Full-Time Director
An executive director or a whole director is someone who works full-time for the company.
3.Ordinary Director
An ordinary director is a simple director who attends a company’s Board meetings and participates in decisions made by the Board of Directors. These individuals are not full-time or managing directors.
4. Additional Director
Between the two annual general meetings, the Board of Directors may nominate an extra director, according to the rules of the Company’s Articles of Association. The new directors should only be in office until the Company’s next annual general meeting. However, the total number of directors and additional directors in a corporation must not exceed the maximum strength set by the Articles of Association for the Board of Directors.
5.Director of Professionals
A professional Director is a director who has received professional training and has no financial stake in the organisation. These professional Directors are occasionally appointed to the board of directors in order to put their experience to work in the company’s management.
6.Nominee Director
Banks and private equity investors who give equity funding to a company typically require that their representative be appointed to the board of directors. The Nominee Director is the title given to these individuals who have been nominated.
In the case of a One Person Company, a nominee director is an individual who is nominated by the company’s sole director to take over the company’s business in the event of the sole director’s death or incapacitation.
Documents Required for Add a Director
- Passport
- Proof of identification (PAN card)
- Proof of address (electricity bill, rental agreement, Aadhar Card, voter ID, passport, driving licence)
- Photograph of passport size
- Certificate of the prospective director’s digital signature
- For an Indian applicant, a PAN card is required.
- For a foreign applicant, a passport is required.
Process of Adding a Director
- Check to see if the company’s articles of incorporation (AOA) allow for the inclusion of another director. If the business’s AoA does not contain such provisions, then change the AoA to allow for the inclusion of an additional company director.
- Using Form DIR-2, the proposed director must grant his or her consent to act as the director.
- A board resolution must be passed by the corporation to designate a specific person as a director.
- Obtain the new director’s DSC (digital signature certificate) and DIN (director identification number).
- Gather the necessary documents and information and submit Form DIR-2, Form DIR-12, and Form DIR-8 to the ROC.
OUR PRICING PLANS
Standard
₹ 14,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
Gold
₹ 16,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
Platinum
₹ 19,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
- Share certificate issue
- company commencement form filling