Adding a Director
New directors can be appointed at any time after formation of a company either as a replacement or in addition to the current directors.
Adding a Director to a company can be done by either passing an ordinary resolution in an Annual General Meeting or in an Extra Ordinary General Meeting. Ordinary resolutions can be passed by a simple majority. The Articles of a company may confer on its Board of Directors the power to appoint any person as an additional director.
Please remember only an individual can be appointed as a Director in a company. It means that a company, or a firm, or an association cannot be appointed as a Director.
Requirement of Digital Signature:
To add a Director to the Board of Directors, the Digital Signature of the proposed Director is necessary.
One the Digital Signature is obtained, the proposed Director can be added to the company by passing a Board resolution.
Procedure for Adding a Director:
To add a Director a resolution has to be passed in an Annual General Meeting or in an Extra Ordinary General Meeting.
Need to possess Director Identification Number.
Frequently Asked Questions:
What is the minimum number of directors required in a company?
Private limited company - Two directors
One Person Company – One director
Limited Liability Partnership – Two directors
Who can be appointed as a director of Company?
Any person who has attained the age of 18 years, is of sound mind, is solvent and not convicted by the court can be appointed as a Director.
What is Director Identification Number (DIN)?
It is unique number which the Ministry of Corporate Affairs allots to such person who is a Director or proposes to be a Director of a Company.
How can Law Tarazoo help?
Our team of experts will advise you on the procedure for adding a Director in your company.