Our experts can help you with the secretarial formalities for appointment and removal of the director as per the company law.
It is said that directors are the brain of the company. They control, direct and administer the entire company’s business. Change of directors takes place – either by appointing a new director or by removing an existing director. The process of change of directors should always be handled by experts having the best interest of the company.
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As per Companies Act, 2013, the administration does not have any right to reject the presented resignation of a director.
Yes, by passing an ordinary resolution and after giving him a reasonable opportunity of being heard. However, any director who has been appointed by National Company Law Tribunal u/s 242, is not subject to the provisions of section 169
If you provide us with complete information and there is no delay from the government end, then one can remove the director in around 15 days.
According to the Companies Act, only an individual can be appointed as a director. As a result, artificial legal persons like private limited companies cannot be appointed as a director.
Unless the Articles of Association prescribe for any such subscription, there is no requirement to subscribe for the shares of the company by the new director
If the AOA provides for disposing of the shares at the time of removal of the director, only then the director is required to sell/transfer the share. Otherwise, there is no legal requirement for the director to sell/transfer his shares at the time of his/her removal.
Yes, non-resident or foreign nationals can be appointed as director in a company subject to at least 1 director in the company should be an Indian resident.
The consent should be taken from the Boards and its members and the company should comply with the statutory limit after addition or removal of the directors.
Secretarial & Compliance
Income / Corporate Tax
GST / CESS