A Director is called the brain of the company he or she is that person who appointed by the shareholders of a company to supervise and manage the activities of a company. According to the Companies Act, 2013. A Private Limited Company is required to have a minimum of 2 Directors, A Public Limited Company must have at least 3 Directors and One-Person Company (OPC) have only One Director. A Digital Signature Certificate (DSC) and Directors Identification Number (DIN) are required to add a Director in the company.
Reasons to Add a Director
There are some reasons to add in board of directors.
- Hire new talent on the board.
- Assign operational responsibility without dilution ownership.
- Inability to work by existing directors.
- of directors fall under statuary limit.
These are the documents required to add a director in your company like;
- Passport Size Photograph of the appointed director.
- Self-attested PAN card of the appointed director.
- Require Proof of Residence like Aadhar Card, Voter Id Card, Driving License of the appointed director.
- Require Digital Signature Certificate (DSC) of the new director.
- Signed Affidavit.
- Letterhead for Board Resolution.
Process to add a new director in a Company
- The first thing which need to be done is filing for a Digital Signature Certificate for the director if he or she don’t have it.
- The new appointed director needs to file for DIN (Director Information Number), in case if they don’t have it. Because this DIN is mandatory for adding or appointing a director.
- Fill and complete the form with your all required information.
- Provide the required documents.
- The documents of the appointed director need to be verified and this whole process will take at least 20 days and more than that days.
- Filing the documents with the Ministry of Corporate Affairs.
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