Adding a director to a company in India is a crucial corporate governance process governed by the Companies Act, 2013 and the Ministry of Corporate Affairs (MCA). Asktrix provides comprehensive support for all director addition requirements, ensuring your company meets all regulatory obligations efficiently and accurately.
The process of adding a director is governed by the Companies Act, 2013, which provides the framework for corporate governance in India.
Our streamlined process ensures quick and hassle-free director appointment:
The new director must obtain a Class 2 or Class 3 Digital Signature Certificate (DSC) from a licensed certifying authority. This is mandatory for filing forms with MCA.
If the person doesn't have a Director Identification Number (DIN), they must apply for it using Form DIR-3 along with required documents and DSC.
The existing board of directors must pass a resolution to appoint the new director. The resolution should be passed by a majority of directors present at the meeting.
File Form DIR-12 with the Registrar of Companies (ROC) within 30 days of the board resolution. This form contains details about the new director and must be digitally signed.
Update the Register of Directors and Key Managerial Personnel (Form MGT-14) and maintain proper records of the new director's appointment.
The new director must disclose their interest in other companies, if any, and provide necessary declarations as required under the Companies Act.
Find answers to common questions about director appointment, eligibility, documents, process, benefits, costs, and timelines.
Any person who is at least 18 years old, has a valid DIN, provides written consent, and is not disqualified under Section 164 of the Companies Act can be appointed as a director.
Yes, a Director Identification Number (DIN) is mandatory for anyone who wants to become a director in any company in India.
Yes, foreign nationals can be appointed as directors in Indian companies, subject to compliance with FEMA regulations and obtaining necessary approvals.
DIN application is made through Form DIR-3 along with identity proof, address proof, and DSC. The application is processed by MCA and DIN is allotted within 1-2 days.
Yes, a person can be a director in multiple companies, but there are limits on the number of directorships one can hold (maximum 20 companies, with certain exceptions).
Yes, a company must have a minimum of 2 directors (for private companies) and maximum of 15 directors. With special resolution, the maximum can be increased.
Form DIR-12 must be filed within 30 days of the board resolution appointing the director. Late filing attracts additional fees.
Required documents include Form DIR-2 (consent), identity proof, address proof, board resolution, DIN allotment letter, and Form DIR-12.
Yes, a director can be removed by shareholders through ordinary resolution, subject to certain conditions and procedures under the Companies Act.
Yes, companies must maintain and update the Register of Directors and Key Managerial Personnel as per Section 170 of the Companies Act.
Independent directors provide unbiased judgment, protect minority shareholders' interests, and ensure good corporate governance practices.
Adding a director brings new expertise, improves governance, enhances business opportunities, and ensures compliance with regulatory requirements.
Navigating the director addition process with Asktrix ensures not only legal compliance but also ongoing support for your company's growth and success. Our comprehensive approach ensures your company meets all regulatory requirements efficiently and accurately.