A new Director can be added to the Board of 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 and the
Digital Signature of the Managing Director or Secretary of the Company, to the
Ministry of Corporate Affairs to appoint a Director.
Highlights of Changing Directors
Director
A company is a legal entity and a juristic person established under the Act.
Therefore a company form of organization has wide legal capacity and can own
property and also incur debts. The members (Shareholders/ /Directors) of a company
have no liability to the creditors of a company for such debts.
Minimum Requirements
To become a Director of Company, a person must be at least 18 years old and posses
Director Identification Number. Foreign Nationals can also be Directors of an Indian
Company.
Director Identification Number
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
Director of a Company.
Board of Directors
A Private Limited Company must have a minimum of two Directors and upto a maximum of
15 Directors. The Directors do not have to be shareholders. However, they have to be
over the age of 18.
Adding a Director
A new Director can be added to the Board of 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.
Removing a Director
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.
