BBNC

Appointment/Resignation of Directors


A change in a company's directorship is possible at any moment, as and when required. Change can occur either willingly or in accordance with a demand. The need arises if the board requires an expert or if a current director resigns or dies.
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Overview

Any changes to a company's Board of Directors (BD) shall be made in accordance with the terms of the Companies Act of 2013, the company's AOA, and any agreed service agreements, if any.

The necessity for a company's directors to be replaced must be properly justified and authorized by the company's shareholders.

Adding or replacing a director requires legal paperwork, a board resolution, and the submission of papers with the Registrar of Companies.

The company's Annual General Meeting and Board of Directors shall first authorize the nomination of a new director, citing and justifying the critical need for appointing a new director. The prospective director shall be informed as soon as feasible of the passed resolution in this regard. In Form DIR-2, the new director must once again offer his or her written approval to serve as a director of the company.

In the event that a director resigns from the Board of Directors, the resigning director must give notice to the BD, and the business must have a Board meeting and subsequently a general meeting to notify about the resignation and accept it with a simple majority vote. Within 30 days of quitting, the retiring director must additionally send a copy of the indicated resignation to the concerned ROC in Form DIR-11.



Benefits of Appointment/Resignation of Directors

If required strong leadership

A good leader, particularly in the post of board chair, is critical to the successful implementation of a board. Hence as the start-up grows it we it required strong board members.

Checklist/Requirements

Information required:

  1. Corporate Identification Number (CIN) /name of the Company
  2. e-Mail ID of Appointing Director
  3. Mobile No. of Appointing Director
  4. Occupation of Appointing Director
  5. Place of Birth of Appointing Director
  6. Educational Qualification of Appointing Director
  7. Valid DSC (Digital signature Certificate) of Appointing Director
  8. Valid DSC (Digital signature Certificate) of Existing Director of the Company

Documents required:

  1. PAN of Appointing Director, if having
  2. Aadhar of Appointing Director
  3. copy of passport, if having
  4. copy of present and permanent address proof (Bank Statement, Mobile Bill)
  5. Photograph of Appointing Director

Process of Appointment/Resignation of Directors

Step 1: Raise a request with us, discussion with BBNC team

Step 2: Client to share the information/documents required

Step 3: Convene and hold Meeting and pass Resolution

Step 3: BBNC to share documents with client for execution

Step 3: Client to share executed documents

Step 3: BBNC to file e-Form DIR-3 and DIR-12 for appointment

Step 3: BBNC to obtain DIN approval letter

Step 3: Mark work item as closed

Key Deliverables

  1. Resolutions and Filed e-Forms
  2. Challan
  3. Updated master data of Company

Appointment or Resignation of Director

Why Choose Us

Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


Disqualification of directors is addressed in Section 164 of the Companies Act of 2013.
Yes, the director would only be held responsible for the actions taken while they were serving as a director. Any additional activities done out by another director would not put the individual in jeopardy.
Individuals who are appointed to the board of directors of a public corporation are known as independent directors. An independent director's responsibilities include some level of decision-making independence. Non-executive directors are not involved in the day-to-day operations of the company.
Section 168 of the Companies Act 2013 states that, a director may resign from his office by giving a due notice to the company and the board shall take note of it and intimate the same to the Register of companies..
Yes, and Non resident indian or a foreign national can be appointed as a director. However the company should meet the requirement of having atleast one resident director on board.
Yes, a director can be appointed as an additional director by the Board. However the said appointment shall be valid only until the AGM and should be ratified by the members by appointing him as a Director.
The appointment of director shall cease to continue and the corresponding forms for his cessation are required to be filed with the registrar giving effect to the same.