The directors of a company are the person selected by the shareholders for the management of affairs of the company, according to the company’s affairs and articles of association. Since a company is an artificial judicial person created by law, it can only work through the agencies of natural persons. Thus, only the living person can be the director of a company and the company is handed over to the board of directors. The appointment of directors may be required for a company from time to time depending on the needs of the shareholders of the business.
In order to appoint a director, the person who proposes to become a director must obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN). DIN can be obtained for any person over 18 years of age. The nationality or residence status of the DIN applicant does not matter. Therefore, Indian citizens, NRIs and foreign citizens can get DIN and can be appointed as a company director in India.
eMindsCA.com is a leading professional service platform in India, offering various services like company registration, trademark filing, GST registration, income tax filing and more. eMindsCA.com can help you appoint a director in your company. The average time to file for the appointment of the director is subject to submission of approximately 10-15 working days, government processing time and customer documents. Get free consultation on appointment of director by scheduling appointment schedule with eMindsCA.com Advisor.
Types of Directors in a Company
The Managing Director is a Director who is assigned a company’s association of articles or company with an agreement or a proposal passed in its general meeting, or by its board of directors, adequate powers of the company’s managed affairs.
Executive director is a director, who is in full-time employment of the company. Therefore, the executive directors are deeply involved with the management of the company and management matters of the company.
Ordinance Director means an ordinary director who participates in a company’s board meeting and participates in the matters held in front of the board of directors. These directors are neither full time directors or managing directors.
Additional Director is appointed by the Board of Directors under the provisions of the Articles of any Company between the two Annual General Meeting. Additional directors can hold the post till the date of the company’s next annual general meeting.
The alternative director is appointed by the board of directors who is appointed for a period less than three months in a general meeting to work for the director of the original director during his absence. Typically, the alternative director is appointed for a person who is a non-resident Indian or foreign associate of a company.
How do we help in the Appointment of a Director
eMindsCA.com can help you change the company’s name.
Got the question Request a call from eMindsCA Business Advisor.
The process of linking the director to a company board will depend on the existing board of directors. Our specialists will advise you on the relevant process for you.
Once you get an understanding of the processes involved in appointing directors in your company, then our experts will draft the proposals for the process.
Once the Board resolution is passed, our experts will prepare and submit necessary documents with the Ministry of Corporate Affairs to link the new Director.
Creative Financial Management
Assets Under Management
Frequently Asked Questions
Using this section, get all the clarifications for your questions and doubts about outsourcing, finance, and investments. We love to clarify your doubts and get you back to your business real quick with more confidence.
Outsourcing allows you to focus on your main business, not your support departments. Outsourcing gives your company access to a high level of expertise, where you will be able to spend normally.
Cost effectiveness– The salary of professionals is significantly lower than in North America and Europe. This wage turns into difference cost savings.
24/7 operation – Offshore development facilities located in India are in the perfect time zone to help you operate 24/7.
Large pool of talent– Retraining experienced staff becomes difficult when they are given boring and repetitive work. India offers you a cost effective talent pool that you can tap for reliable service delivery.
Best Practices– High focus on improvement in quality and continuous process, offshore development centers work on high level efficiency, forecast and reliability. High level maturity reduces risk and provides significant benefits while managing service level agreements.
Bookkeeping & Accounting
AR follow-up – Aging analysis and reports
Bank/credit card reconciliations
P&L, Balance sheet and other regular reports
Preparation of Tax returns
Insurance Accounting Services