Procedure for company name change. The change in name entails change in the Memorandum and articles of association of company.
Add Directors Services in Purnia, Bihar
It is possible to add or remove a director from the company at any time. While the Articles of Incorporation must contain provisions allowing this, the Articles of Association and the provisions of the Companies Act determine how and who can be appointed as a new director. There are several procedures to be followed for adding new directors to a company and Vakilsearch is here to help make the whole process smooth for you. Avyud Consultancy is a group of intellectuals. The entire team of Avyad Consultancy comprises highly qualified CA, CS, Lawyers, and Business Administrators. Avyud Consultancy will be your one-stop destination for Director appointments for your Company. Director appointment with Avyud Consultancy is easy, seamless, affordable, and fast. Apart from director appointments, Avyad Consultancy helps entrepreneurs to do Company Registration, LLP Registration, HUF, One Person Company, and all other compliances easily.
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Documents Required for Adding a Director
Photograph
Passport size photograph of the director to be appointed
PAN Card
Appointment of self-attested PAN card of Director
Digital Signature
DSC of outgoing director and director to be removed
Proof of Residence
Aadhar Card / Voter ID / Passport / Driving License
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Who is a director in a company?
- A director is a person who directs, manages, supervises, or controls the affairs of the company.
- He is a person appointed on the Board of the Company to perform the duties and functions of the Company in accordance with the provisions of the Companies Act, 2013.
- The Director of the Company is a natural person elected by the shareholders in accordance with the Memorandum of Association and the Articles of Association of the Company.
- A Board of Directors means a group of persons who are elected by the shareholders of the company to manage the affairs of the company.
MINIMUM DIRECTORS REQUIRED IN COMPANY
- One Person Company: One Director
- Private Limited Company: Two Directors.
- Public Limited Company: Three Directors.
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FAQs for Add Directors Services
Who can be a Director in A Company?
While an individual or a living person can be appointed as a director in a company, an entity or a body corporate cannot be appointed as a director of a company.
What is The Eligibility Criteria for New Director?
There is and it goes like this:
- The proposed person must be a principal.
- They should qualify as per the laws mentioned under the Companies Act, 2013.
- The members of the Board must consent to the appointment of the proposed person.
- Eligibility Criteria for a person to be appointed as a Director in a company:
- The appointee should be eligible as per the relevant clauses in the Articles of Association.
- The proposed person should be above 18 years of age i.e. a principal.
- He/she should qualify as per the laws mentioned under the Companies Act, 2013.
- The members of the board have to give consent to the appointment of the proposed person to whom he or she wishes to be appointed as a director.
- It is to be noted that the Companies Act does not specify any educational qualification to be eligible to become a director.
- Indian nationals, non-resident Indians, and foreign nationals can be appointed as directors in India.
Can I Resign Myself from The Company?
Yes, a director can resign voluntarily. A notice of resignation should be given to the company stating the reason for the resignation. Also, the resigning director has to file a form intimating the MCA about his resignation from the company.
How many Directors can A Company Have?
A company can have a maximum of fifteen directors and if the company wants to increase the number of directors, it can be done further by passing a special resolution.
Can a Corporate Body be Appointed as a Director?
No, a corporate body cannot be appointed as a director. Only one person can be appointed as a director in a company.
What are the pre-requisites for adding a director to a company?
The person to be added as director must be prominent and qualified under the Companies Act, 2013. The appointment also requires the consent of the members.
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