Adding of Directors & Promoters

Adding directors and promoters refers to the process of appointing new members to a company’s board of directors or promoting existing members to a higher positions within the company.

Criteria

  • Directors and promoters should have relevant experience and expertise in the industry

  • Alignment with company values and goals

  • Must meet all legal and regulatory requirements

  • Should have strong interpersonal skills

Document Required

The documents required to add a director to a company in India are

  • Proof of identity,

  • Proof of address

  • PAN card.

Time required

The timeline for Adding Directors can range from a few weeks to several months, depending on the complexity of the process and the specific requirements of the company and regulatory authorities

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At Xtraserve, we believe in transparency and effective communication, which is why we provide regular updates on the progress of our clients’ projects and keep them informed of any changes in the financial markets that may impact their investments.

Our team of financial professionals is highly trained, knowledgeable and dedicated to providing top-notch services to our clients. We are committed to maintaining the highest ethical standards and adhering to all industry regulations.

If you’re looking for a financial services company that is dedicated to helping you achieve your financial goals, look no further than Xtraserve. Contact us today to schedule a consultation and learn more about how we can help you. With our wide range of services and convenient office locations, we are confident in our ability to provide you with the best financial solutions for your needs.

FAQ

How do I add a director to my company in India?

To add a director to a company in India, you need to file an e-form DIR-12 with the Ministry of Corporate Affairs (MCA) along with the necessary documents and fees.

What are the documents required to add a director to a company in India?

The documents required to add a director to a company in India are: proof of identity, proof of address, and PAN card.

No, a director cannot be added to a company without the consent of existing directors. All directors must agree to the appointment and sign the necessary documents.

How long does it take to add a director to a company in India?

It usually takes around 15-20 days to add a director to a company in India.

Can a company have more than one managing director in India?

Yes, a company can have more than one managing director in India.

Can a promoter be a director in a company in India?

Yes, a promoter can be a director in a company in India.

What is the maximum number of directors allowed in a company in India?

The maximum number of directors allowed in a company in India is 15.

How can a director be removed from a company in India?

A director can be removed from a company in India by filing an e-form DIR-12 with the Ministry of Corporate Affairs (MCA) along with the necessary documents and fees.

What are the grounds for the removal of a director in India?

The grounds for the removal of a director in India are: non-compliance with the provisions of the Companies Act, conviction of an offence involving moral turpitude, and unsound mind.

Can a director resign from a company in India?

Yes, a director can resign from a company in India by filing an e-form DIR-11 with the Ministry of Corporate Affairs (MCA) along with the necessary documents and fees.

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