Change In Director - Unilex Consultants

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Change Directors in company

- Work handled by professionals
-Director addition /removal in Company
- Completely online process
-Director change in the Company at an afforable cost

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Change Directors in company

A company is a legal entity and does not have any physical existence. It can act only through natural persons to run its affairs. The person, acting on its behalf, is called Director. A Director is any person, occupying the position of Director, by whatever name called. They are professional men, hired by the company to direct its affairs. But, they are not the servants of the company. They are rather the officers of the company. So long as a person is duly, appointed by the company to control the company’s business and, authorized by the Articles to contract in the company’s name and, on its behalf, he functions as a Director. The act has prescribed the minimum number of the Directors to be appointed in their Board. A Private Limited Company is required to have a minimum of two Directors and a Limited Company is required to have a minimum of three Directors. On the other hand, a Limited Liability Partnership (LLP) has Designated Partners and Limited Liability Partnership Act, 2008 requires each LLP to have a minimum of two Designated Partners. Director appointment & director removal is governed under the provisions of companies act, 2013.

A company can either make appointment of additional director by the existing board of directors under section 161 of companies act 2013 else directly as a director by approval of shareholders. A director can either resign form a company else be removed under section 169 of companies act 2013 by the shareholders. A single form DIR 12 could be filed with the ROC along with the requisite attachments for appointment and resignation of directors.

At Unilex Consultants we provide you a hassle free Director appointment & director removal process which would be dealt by our professionals within a time frame of 3-4 working days. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.

Table of Content

Documents for change in Directors

DSC of Director

DIN of Director

KYC of Director

Consent/ Resignation letter

Our Packages

Basic Plan

₨1900/-

₨/

2 Digital Signatures (DSC)
2 Director Identification Number (DIN)
Certificate of Incorporation
MOA and AOA
ROC & Stamp duty
EPFO Registration
ESIC Registration
E-Pan Card of Company
TAN or TDS Number
Bank A/c Opening Support

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Popular

Premium Plan

₨2000/-

₨/

2 Digital Signatures (DSC)
2 Director Identification Number(DIN)
Certificate of Incorporation
MOA and AOA
ROC & Stamp duty
EPFO Registration
ESIC Registration
E-Pan Card of Company
TAN or TDS Number
Bank A/c Opening Support
E-Pan Card of Company
GST Registration
MSME Certificate
Trademark Filing

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Standard Plan

₨2000/-

₨/

2 Digital Signatures (DSC)
2 Director Identification Number (DIN)
Certificate of Incorporation
MOA and AOA
ROC & Stamp duty
EPFO Registration
ESIC Registration
E-Pan Card of Company
TAN or TDS Number
Bank A/c Opening Support
GST Registration

Checkout

Note:- The above price might vary as per the deed and amount of contribution Trademark filling excludes government fees.

Process for change in Directors

Types of Directors of a Company

A company’s directors are categorized into various types based on their roles and responsibilities. The most common types include:

Executive Directors: These directors are actively involved in the company’s daily management. They often hold specific executive roles, such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), or Chief Operating Officer (COO).

Non-Executive Directors: Unlike executive directors, they do not participate in the company’s day-to-day management. They provide independent oversight to the company’s board and its management.

Independent Directors: They are a subset of non-executive directors with no financial or other vested interests in the company apart from their role as directors. Independent Directors’ primary responsibility is to safeguard the interests of the company’s shareholders.

Reasons for Adding or Changing Directors in a Company

There are several key reasons why a company might choose to add or change its directors:

Introducing New Talent to the Board: As a company grows, it often becomes necessary to bring new talent to the board of directors. This helps the company address new challenges and requirements that come with expansion.
Preventing Ownership Dilution: Directors handle the day-to-day management and operations. By appointing additional directors, shareholders can delegate more operational responsibilities without relinquishing strategic control.
Addressing Inefficiency of Current Directors: If existing directors are underperforming due to personal issues like health problems, retirement, or family concerns, a company may opt to appoint new directors to maintain efficiency.
Complying with Statutory Requirements: According to the Companies Act 2013, companies must maintain a specific number of directors. Suppose the number falls below the minimum due to events like death or retirement. In that case, new directors must be appointed promptly to comply with the legal requirements (e.g., a minimum of two directors for a private limited company).

Eligibility to be a Director in a Company

To be eligible for appointment as a director in a company, an individual must meet specific criteria:

The individual must be at least 18 years old, as minors are not permitted to hold the director position.
The person should not be disqualified under the provisions of the Company Act 2013.
There must be mutual consent: the Board of Directors, the shareholders, and the individual being considered for the directorship must agree to the appointment.

FAQ

Frequently Asked Questions

A person can hold office as a director in maximum 20 companies provided the maximum number of public companies in which a person can be appointed as a director shall not exceed 10.

A company can appoint maximum of 15 directors. A company can appoint beyond the number of 15 only by passing a special resolution.

The act does not provide any qualification for directors, but the AOA of company can stipulate the qualification of director.

When it is a public company and, Company’s paid up capital is one hundred crore rupees or more

Yes, you can resign at any time by serving the notice to the company.

Unsound mind Convicted by the court of any offense Declared insolvent Disqualified by an order passed by a court or tribunal

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