Appointment and Resignation of Directors
Directors are the managerial staff who control and administer the company's operations. The authorization to approve the resignation of the director lies with the parts of Board of Directors, whereas the appointment must be made through the consent of shareholders. In both cases, an intimation needs to be filed with the Registrar of Companies.
Get Started
- Step 1
We collect the KYC documents of the person to be appointed as a Director.
- Step 2
We assist in drafting all required documents including the Board Resolution, Appointment Letter, Consent of Incoming Director, etc. to be filed along with the intimation
- Step 3
We file the Intimation in Form DIR-12 with the ROC
Resignation
- We collect the KYC documents of the outgoing director.
- We assist in drafting all required documents including the Board Resolution, Resignation Letter, etc. to be filed along with the intimation
- We file the Intimation in Form DIR-11 with the ROC
Eligibility of Directors
There are no designated qualifications to be eligible to become a Director. According to the law, any specific natural person can be a director of any company.
However, there are various disqualification which will bar a person from becoming a Director in a company. Some important disqualifications are as follows:
- A person of unsound mind
- A person who is convicted by a court of any offence, whether involving moral turpitude or otherwise, and sentenced in respect thereof to imprisonment for not less than six months
- A person who has not paid any calls in respect of any shares of the company held by him for 6 months
Documents needed for Appointment and Resignation of Director
- Photograph: Passport size photo of the Director to be designated
- PAN Card: Self-attested PAN card of the Director to be designated
- Proof of Identity: Voter ID/ Passport / Driving License director to be appointed
- Digital Signature Certificate: DSC of the ongoing Director and Director who has resigned
- Mobile number and Personal & official Email Address of the Director
- It is mandatory to apostille all the documents if the Director is a non-resident of India.
- Notice of resignation filed with the company
- Proof of dispatch of resignation letter. Can be post or Email
Classes of Director
Managing Director
They are granted with the full power and charge for the operation of the Company.
Executive Director
They run the day to day working of the Company, which are more responsible and Effective for the Company.
Non - Executive Director
They do not participate into day to day decision making or operations.
Nominee Director
These are not the primary directors but are chosen by the PE/VC investors or banks who have provided the loans or shareholders in case of a certified company to represent their interests.
Independent Director
They are selected in the Company to oversee and ensure sound governance.
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