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Appointment of Director

1850* Basic Package

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Overview

According to the Companies Act, a director is a person chosen by the stakeholders. Director manages all the affairs of the company as per the MOA and AOA. As per Division 260 and Division 284 of companies Act 1956, AOA is the authority from where the Board of directors takes all the right to either add or remove directors. As a company is an artificial judicial entity made by law, it can only act on the command of natural persons. Thus, a living person can only be a director of a company. Appointment of a director is a timely requirement for a company. It offers you numerous benefits.

Perks of adding a director

1. New talent on Board

The market is extremely competitive. Appointing a director will help your business grow and evolve. New talents will offer new strategies to tackle the situation.

2. No confusion in ownership

The directors are the persons who are responsible for all the day-to-day operations of a company. It helps the stakeholder to assign more responsibility without losing strategic control. 

3. Meet the statutory limit

As per the companies' Act, every Private or a public limited company must appoint a director. Thus it helps you to meet all the compliances.

Minimum number of director a company must have

As per section 149(1)(a), the least number of directors for:

1) Private Limited Company- 2

2) Public Limited company-3

3) One person company-1

Directors in Private Limited Company

According to the companies Act 2013, a director is someone appoints to the Board of the company. The boards of directors in a private limited company are the individuals that the stakeholders select. They manage all the day-to-day activities of a private limited company.

In other words, you can also define the director as someone who supervises or controls all the activities in a commercial company. 

Eligibility to become a director of a private limited company

If a person wishes to become a director of a private limited company, he/she must have Director Identification Number. DIN is a specific number obtainable from the age of 18. any individual can obtain DIN by applying to the DIN cell. 

Categories of directors in a company

1. Managing director

A managing director is a director who passes all the AOA, agreements, and the purpose of the company in a general meeting.

2. Whole-Time Director

A Whole-Time director works for full-time. He/she executes all the daily activities of a company.

3. Ordinary director

An ordinary director is a simple director who participates in all the matters provided to the Board. They are neither Full-time nor managing director.

4. Alternate director

An alternate is usually elected by the Board, who executes all the activities in the absence of the original director. Usually, the alternate directors appointed for the NRIs.

5. Professional director

Professional directors are the directors who possess all the professional qualifications. Usually, they get an appointment for the utilization of expertise in management. 

6. Nominee Director

The Banks or the private investors who provide debt impose a condition. The condition is to appoint someone of their representative to be on the Board of the company. These representatives are called Nominee directors.

7. Residency requirement of director in a private limited company

Under Section 149(3), every private limited company registered in India shall have at least one director who stayed in India for longer than 182 days in the preceding calendar. 

8. Women Director Requirement

As per the Companies Act, the limited companies that are having paid-up share capital more than INR 100 Crore or turnover more than INR 300 Crore at least have one woman director.  

Document Required

  • Board Resolution
  • Special Resolution
  • Address Proof of New Director
  • ID Proof of New Director

Time Lines

  • (1 to 5 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of application with registrar authorities
  • Receipt of Registration Certificate
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

1850*
  • Expert Consultation
  • Add a Director

Business

4750*
  • Expert Consultation
  • Add a Director
  • Application for DIN of a new Director
  • DSC of a new Director for 2 years

Enterprise

5950*
  • Expert Consultation
  • Add two Director
  • Application for DIN of a new Director
  • DSC of a new Director for 2 years
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.

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