FincomIndia

Change of Directors

Appointment or removal of a Director or Designated Partners is thus required due to various reasons.
From Rs 1,999/- Inc. of all taxes

Directors are nominated by the shareholders of a company for the management of a company. A private limited company is required to have a minimum of two Directors and a limited company is required to have a minimum of three Directors. Any changing in the Board of Directors of a company should better be made as per the provisions given in the Companies Act of 2013, the AOA of the company, and also as per the agreed service agreement, if any. Again, the need for changing directors in a company must be duly justified and approved by the shareholders of the company. Here it may be noted that making a change in director means either removing a director from the BD or appointing a new director to the BD as an additional director. The section below deals separately with the procedure for change in directors of a private or public limited company in India.

Noteworthy here are the facts that as per the new Indian Companies Act of 2013, a private limited company and an LLP company must have at least two directors always. On the other hand, a public limited company must have a minimum of three directors at all times. In the general cases, a company could have a maximum of 15 directors. Again, a foreign national can also become a director in any of these types of companies in India, provided he/she meets the requirements prescribed for becoming a company director. For making appointment of a new director concerned is the Section 160 of the Indian Companies Act of 2013, while the Section 168 is relevant for getting resignation/removal of a director from the BD of a company.

Salient Features of Change of Directors

Change in Case of Ownership Change

In case of change of ownership of the company, the Directors of the company may also be required to be changed.

Notification of Change to ROC

Any change in the constitution of Directorship of the company has to be notified to the Registrar of Companies.

Appointment by External Parties

External parties like Investors, Financial Institutions may also appoint a representative from their end as Director on the board of the company.

Transparent And Competitive Pricing

BASIC STANDARD PREMIUM
Change of Directors (ROC Charges Extra)
All Other ROC Compliances
Complete Statuary Compliances
Rs. 2,500
Rs. 1,999
Inc. all taxes
Rs. 12,500
Rs. 9,999
Inc. all taxes
Rs. 30,000
Rs. 24,999
Inc. all taxes
Delivery Process

1. Order Confirmation

Once you confirm the order online one of our executives will get in touch with you to explain all the requirements.

2. Submission Of Documents

We have a facility to pick up documents from your door step at more than 6000 Pin Codes across India. As soon as your documents are ready, we will pick it up from your door step at a date and time as per your convenience.

3. Documents Preparation

Based on the type of change proposed to the Board of Directors/LLP, our Experts will help you prepare the necessary documents that must be filed with the MCA.

4. Documents Filing

Once the internal documents or resolutions are prepared, our Experts will file it with the MCA to effect the change in Board of Directors/LLP officially.

Frequently Asked Questions
A company can have a maximum of fifteen Directors – it can be increased further by passing a special resolution. Private Limited Company can have a Minimum two Directors.
A person who is an undischarged insolvent or has at any time been adjudged insolvent. ,A person who suspends or has at any time suspended, payment to his creditors or makes or has made a composition with them.,A person who is or has been convicted by a court of an offence involving moral turpitude. The first Part of Schedule XIII gives the list of statutes and provides that any person convicted for violating them and sentenced to imprisonment or fine up to Rs 1000 shall not be appointed without the approval of the Central Government.
Every listed company shall appoint at least one woman director within one year from the commencement of the second proviso to Section 149(1) of the Act.
An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/ directors.
A Digital Signature, Signed Affidavit from the proposed Director and information about the identity and address of the Director is required.
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. Once a resolution is passed, the Company must file the Resolution along with the necessary forms to the Ministry of Corporate Affairs to remove a Director.
Executive Director or whole-time Director is someone in full-time employment of the company.
A Director of a Company must be above the age of 18 and must have a Director Identification Number. The person can be an Indian National or a Foreign National.
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.
The articles may impose a share qualification, but this is unusual in modern companies' articles. If a company has such a provision in its articles, the shares must be acquired within two months of appointment.

Our Presence

Check Availablity in your area

FinComIndia has capability to serve at your door step at more than 6000 Pin Codes across. You have the opportunity to avail our world class services sitting at your home or office itself. This service is free of cost for all the customers. We practically cover the whole of India. Kindly check in the box above for availability of door step services in your city.

Reasons to choose FinComIndia?

PROFESSIONAL EXPERTISE

FinComIndia has a team consisting of more than 75 experts of varied domains which enables us to deliver high quality of services. All our staff is well trained and regularly updated with all relevant statutory changes.

DOOR STEP SERVICES

We pick up all the required documents right from your door step at your preferred time and date and also deliver back the original documents / certificates to your address.

NATION WIDE REACH

We have capability of providing our services across more than 6000 Pin Codes in India. This makes us the front runner in Nation wide reach.

BEST PRICE

We are upfront with our pricing with no hidden fees, Also lowest pricing through automation and technology.

Money Back Guarantee

If you are not satisfied with our work, we will refund the money after deducting the statutory fees paid and other administrative charges.

100% Customer Satisfaction

With our quality of services and professional expertise, we guarantee 100% customer satisfaction.

Giving Back to the Society

In our endeavour to give back to the society, we donate 1% of our profits to various charitable and environmental causes.