Directors plays key roles in a company, they are the managerial personal that control and manages operations of the company. The change of director may happen either by joining of new director or resignation of existing. A company normally aims to carry out change of director to ensure optimum combination of experts on board for interest of the company. A director, who wish to resign from the company have to submit his resignation letter to the Board of Directors, whom can approve the same whereas the appointment must be made through consent of shareholders. All the appointments and removal should be notified to Ministry of Corporate Affairs and with the intimation of MCA only the change do took effect.
With the growth of business, associations and strategies are developed, which requires input from each departments for effective planning. Also in the case of addition of a new department of new product range, an expertise requires to lead the team. In such cases, a company can hire someone in a managerial position being director of the company, which benefits the company with output on focused efforts.Show Less
Directors plays key roles in a company, they are the managerial personal that control and manages operations of the company. By appointing an additional Director, the shareholders can assign the operational responsibility to the same, keeping strategic control in hand. A director does not requires to subscribe share capital, hence the ownership and voting rights of shareholders does not dilute with the new director on board.Show Less
If an existing director may not be able to contribute on his parts of assigned roles due to retirement or any other reason, he/she may exit from his role at company. Smooth operation of the company has to be ensured in any circumstances like retirement/ resignation or even in the event of unexpected death of a director. In certain cases also the company may have to appoint new director/s and the same should be notified to MCA.Show Less
Minimum number of directors is 1, 2 and 3 respectively for One Person Company, Private Limited Company and Public Company as per Companies Act. Companies should maintain at least the minimum number of directors at any time during the company’s existence, if the number of directors falls below the prescribed minimum level by any circumstances; the company has to appoint new director/s to meet the criteria within 6 months of the event.Show Less
Self attested PAN card of the Director to be removed/appointed
Passport size photograph of the Director to be removed/appointed
Aadhaar Card/Passport/Voter ID/Driving License of the Director to be appointed/removed
DSC of the continuing Director and the Director to be removed
Certificate of Incorporation of the company
MoA and AoA of the company
Step 01
Step 02
Step 03
Sharing of updated MCA master data with modified details
All it takes 6 – 8 working days*
*Subjected to Government Processing Time
