Every company needs a director of a company that is capable of managing the operations of the company. The director of a company is a person elected by the shareholders for managing the affairs of the company as per MOA and AOA. The appointment of directors can be done on time to time-based on the requirements.
To become director a person must obtain Digital Signature Certificate (DSC) and director identification number (DIN). In case of DIN, the nationality of a person doesn’t matter.
It means a Director who, by virtue of Articles of Association of a Company is entrusted with substantial powers of management of affairs of the company.
An Executive Director or whole-time Director is full-time employee of the company.
Board of directors appoints an additional director between two annual general meetings according to the provisions of the Articles of Association of a Company.
An “Ordinary Director” means a Director who attends the Board meetings of a company and participate in the matters put before the Board of Directors.
Board of Directors appoints an alternate director in a general meeting to act for a Director called the “original director” during his absence for a period of not less than three months from India.
It is mandatory for the listed companies and limited companies to appoint atleast one women director if paid up share capital of Rs 100 crore rupees or more or turnover of Rs. 300 crores or more.
Within seven working days the basic acknowledgment will be given to you. In case the documents are complete, then the registration hard copy will be issued within 10 days in all major cities. Otherwise you need to submit your documents if missing as mentioned by authorities.
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