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What is Add a Director ?

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.

Documents required for adding a director in a company
  • Self-attested copy of PAN
  • Self-attested copy of identity and address proof such as passport or Aadhar card or Election card
  • Consent to act as director in format of DIR-2
  • Copy of resolution passed by the shareholders
  • Notice for shareholders meeting
  • PAN card: Mandatory for an Indian Applicant
  • Passport: Mandatory for a foreign Applicant
Reasons of appointing an additional Director in a company
  • 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.
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