Appointment & Cessation of Director
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Appointment & Cessation of Director
Change in Directors:
Every company requires must have a minimum number of directors/designated partners, two in the case of private, three in the case of public company, one in a case of one person company and two in the case of limited liability partnership. A company can have maximum 15 directors. (Can be increased by passing special resolution). Sometimes due to many reasons, there is a need to add or remove directors from a company.
To add a director or remove a director, first of all, directors’ Digital Signatures (DSC) is obtained and then Director’ Identification Number (DIN) is allotted to them which is mandatory to be a director in India.
Shareholders in general meeting can do a removal of Director by passing the ordinary resolution and can also be removed before the completion of their term after giving a reasonable opportunity of being heard.
Key Points:
- Every director must apply for Director Identification Number (DIN) by prescribed form.
- The requirement of a minimum number of directors should be complied with.
- The director must be of minimum 18 years of age.
