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Earendil | Appointment Of Director

APPOINTING A DIRECTOR

As per the Companies Act 2013, only an individual can be the Director or as a Member of the Board of Directors. In other words, it must be a natural person to be appointed as a Director of the Company and not a Firm/Company/Association as per the Memorandum of Association (MOA) and Articles of Association (AOA).The Director must fulfil the eligibility criteria to be elected as per the Articles of Association.Indian National, Non-resident Indians, and Foreign Nationals are eligible to be a Director of a Company in India.

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Why register with Earendil

  • Our Chartered Accountant will guide you through the process. He/she will be your single point of contact for registration assistance and for all other services that we offer.
  • Our motto is “You only do what you do best; to us, leave the rest”. We assure that once we start our relationship, you wouldn’t have to think about the areas which we handle.
  • We take care all the documentation and follow up with the Ministry of Corporate Affairs to ensure that appointment of director is registered with Registrar of Companies at the earliest.
  • We want you to not just Start Your Business, but also Run Your Business. With us, your first month of compliances such as TDS, GST and processes such as payroll and accounting are free to ease you into your business.
  • We will also assist you with setting up and documenting Standard Operating Procedures (SOPs) for your business.

REQUIRED DOCUMENTS FOR THE DIRECTOR APPOINTMENT

The following documents are needed from the proposed Director
  • Digital Signature Certificate (DSC).
  • Director Identification Number (DIN).
  • Consent Letter.
  • There should be a minimum of three Directors in a Public Company, two Directors in a Private Company, and a One Person Company can have only one Director. Also, there is a provision in the Companies Act that a Private Company can also appoint two-thirds of the Company Directors as per the principle of proportional representation.

TYPES OF DIRECTORS

MANAGING DIRECTOR

Managing Director is a Director, who by virtue of AOA of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is endowed with substantial powers of management of affairs of the Company.

EXECUTIVE DIRECTOR

The Executive Director is in full-time employment for the company. The Executive Directors take comprehensive control of the core management and managing affairs of the company.


ADDITIONAL DIRECTOR

Additional Director is the one who was elected and appointed as a Director by the Board of Directors. Additional Directors can seek a permanent director position at the annual general meeting.


ALTERNATE DIRECTOR

An alternate Director is appointed by the Board of Directors to substitute for the Principal Director who is a Non-resident Indian or Foreign Collaboration of a company. An Alternate Director can not only attend and vote in the meetings but also carry out all the responsibilities on behalf of the original Director in his absence.

ORDINARY DIRECTOR

An Ordinary director of the company is a non-executive director. Also, he is neither a Full-time Director nor a Managerial Director. An Ordinary Director is the one who attends the board meetings of a company and participates in the matters put before the Board of Directors.