Add a Director

Who is Director in a Company?

• Director is an individual who directs, manages, oversees or controls the affairs of the Company.
• He is a person appointed to the Board of a company to perform the duties and functions of a company in accordance with the provisions of The Company Act, 2013.
• Director of a company is a natural person elected by the shareholders as per the Memorandum of Association and Articles of Association of the company.
• The Board of Directors means a group of those individuals elected by the shareholders of a company to manage the affairs of the company.

Minimum number of director based on the type of the company:

Necessity / Reasons of appointing an additional director in a company:

The following are the circumstances in which Addition / Appointment of a Director would be necessary:

• When there is sudden death or plans of retirement / resignantion or other personal reasons, if the existing Directors are unable to work for a long time, in such cases appointing an additional director is necessary to meet the statutory limit of the company.
• For the growth of business, it is necessary to hire new talent in the management of the company.
• In case where there is new product line or department added in the company, then to lead the team, appointing an expert as a director is necessary.
• When the specified statutory number of directors reduces, then it is mandatory for a company to appoint a new director.
• To help the shareholders assign more operational responsibilities without losing any strategic control.

Eligibility criteria for a person to be appointed as director in a company:

• The person appointed must be eligible as per the relevant clauses in the Articles of Association.
• The proposed individual must be above the age of 18 i.e. a major.
• He or she must qualify as per the laws mentioned under the Companies Act, 2013.
• The Members of the Board must consent to the appointment of the proposed individual in which he seeks to get appointed as director.
• It must be noted that the Companies Act does not mention any educational qualification in order to be eligible to become a Director.
• Indian National, Non-Resident Indians, and Foreign Nationals can be appointed as a director in India.

Why Tax Intelligence as your service provider for Appointing a director in a company in India?

Tax Intelligence is a group of intellectuals. The entire team of Tax Intelligence consists of Highly qualified CA, CS, Lawyers and business administrators. Tax Intelligence would be a one stop destination for Appointing a Director for your company. Appointment of Director is easy, seamless, cheapest and quickest with Tax Intelligence! Apart from a Director Appointment, Tax Intelligence also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and all other compliance easily.