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Directors are appointed by the shareholders of a Company for the management of a Company. A Private Limited Company is required to have a minimum of two Directors and a Public Limited Company is required to have a minimum of three Directors. Director Identification Number or DIN is a unique number allotted by the Ministry of Corporate Affairs for any person who is a Director of a Company or proposes to be the Director of a Company. Appointment or removal of a Director or Designated Partners is thus required due to various reasons. A director is requied to hold directorship only in such number of companies as specified in the Act. The change in directors are required to be intimated to the Ministry of Corporate Affairs as and when such change arises. At ebizfiling, our ROC team of experts will ensure compliance matters relating to Change in Directorship.
Few points to make your
8-digit Director Identification Number
Individual should be above 21 years in age
Types of Changes
Appointment in a company
Resignation from a company
Maintain confidential information
Takes independent decisions and judgment
Maximum limit of 10 Public company’s
Remaining 10 private company’s
Role of Director
Role of a trustee of the company
Acts as an agent of the company
Remuneration to be paid to the directors
Sitting Fees to be given for attending meetings
A small procedure for your
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What are the requirements of becoming a director of a company?
A Director of a Company must be above the age of 18 and must have a Director Identification Number. The person can be an Indian National or a Foreign National.
What is the minimum number of Directors required for a company?
A Private Limited Company must have a minimum of two Directors at all times. A Public LimitedCompany must have a minimum of three Directors at all times.
What are the documents required for obtaining DIN?
A Digital Signature, Signed Affidavit from the proposed Director and information about the identity and address of the Director is required.
What is the procedure for removing a Director from a company?
A Company can remove a Director by passing an ordinary resolution in an Annual General Meeting or an Extraordinary General Meeting. Ordinary resolutions can be passed by a simple majority. Once a resolution is passed, the Company must file the Resolution along with the necessary forms to the Ministry of Corporate Affairs to remove a Director.
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