Appointment of Additional Director
If you are considering to appoint an additional director without any hassles, E-tax experts are ready to help you at every step of appointment.
E-Tax Appointment Services- Ensured adherence to company law norms
- Examination and Alteration (if required) of Articles of Association
- Obtaining DIN and Digital Signature for new director
- Drafting of Board Resolution, director appointment letter , Form DIR-8 (Intimation by Director about his disqualification) and Form DIR-2 (Consent to act as a Director), Form MBP-1 (Disclosure of interest)
Key Considerations for Appointment
- Articles of Association (AOA) must authorize the Board of Directors with the power to appoint an Additional Director
- Individual who is proposed to be appointed as an Additional Director must hold an active DIN and should not be a disqualified director
- Person to be appointed as Additional Director is other than a person who failed to get appointed as a Director in a General Meeting
- Additional Director shall hold office up to the next Annual General Meeting’s actual date or due date, whichever is earlier
- After such appointment, total number of directors in the company must not exceed the prescribed limit
Procedure for Appointment
- Check AOA for authorization. If not authorized by AOA, make necessary alterations
- Proposed director must furnish his Active DIN, Form DIR-8 (Intimation by Director about his disqualification) and Form DIR-2 (Consent to act as a Director) along with necessary documents to the company
- Additional Director can be appointed in Board Meeting either by passing of Board Resolution or by passing of Resolution through Circulation
- Issue and appointment letter to the newly appointed Additional Director
- Obtain declaration of interest in other entities in Form MBP-1 from appointed director within 30 days of appointment
- File particulars of appointment of directorship in Form DIR-12 with Registrar along with necessary documents within 30 days of appointment
- Making necessary entries in Register of Directors and Key Managerial Personals.
Documents required for Appointment
- Certified true copy of the Board Resolution
- Consent Letter
- Letter of Appointment
- Certificate of Eligibility
- Declaration in form DIR-2 and DIR-8
- Interest in other entities in Form MBP-1