Appointment of Director

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Appointment of Director

Appointment or Add a new Director to your company online. Easily comply with ROC for Change in Director. We offer online hassle-free ROC compliance for any change in Directorship.

Fast ROC filing services to add a new director starting from Rs.3999.

 

appointment of director

    Service Inclusion

    • Adding a New Director to your company or
    • Getting a DIN (Director Identification Number)
    • Applying a Digital Signature (DSC)
    • Drafting the board resolution
    • Filing of Form DIR-12
    • Filing Reports

    What is Appointment of Director?

     

    The appointment of a director is the process of adding a new member to the board of directors of a company. The board of directors is responsible for overseeing the management and direction of the company, making strategic decisions, and ensuring that the company is run in accordance with its mission, vision, and values.

    The appointment of a director is typically done by the existing members of the board of directors, who will vote on whether or not to appoint the new director. In some cases, shareholders of the company may also be involved in the appointment process, depending on the company's bylaws and corporate governance structure.

     

    Types of Directors

     

    The Companies Act, 2013 recognizes different types of directors, including:

    Managing Director (MD)

    This is a director who has substantial powers of management. The appointment, powers, and responsibilities of a Managing Director are usually specified in the Articles of Association or by a resolution of the Board of Directors.

    Whole-time Director (WTD)

    Similar to a Managing Director, a Whole-time Director is responsible for the day-to-day operations of the company. The appointment and terms of service are usually mentioned in the Articles or through a Board resolution.

    Independent Director

    Independent Directors are appointed to provide unbiased and impartial advice to the Board. They should meet specific eligibility criteria and are appointed for a fixed term.

    Additional Director

    An Additional Director is appointed by the Board between two annual general meetings. Such an appointment requires the approval of the shareholders at the next general meeting.

    Nominee Director

    Nominee Directors are appointed by certain stakeholders, such as financial institutions or venture capitalists, to represent their interests on the Board.