Add a Director
The Company law in India says that a private company must have at least two directors. The minimum number of directors for an OPC is one and for a public company it is three. Further, it is compulsory for a listed company to appoint at least one woman director. If you want to add a director to your existing company, you can do so under section 160 of the Companies Act, 2013.
Eligibility for Becoming a Director
A person is not eligible to become a director if he is:
- Juristic person
- A minor, or
- Disqualified as per the MoA of the company.
Also keep in mind that an individual cannot become a director if he:
- Is an insolvent.
- Was removed from office because of dishonesty.
- Is a convict and has served a prison sentence.
- Faces prohibition under a public regulation.
Director Identification Number (DIN)
Before you add a director to your company, you need to have a Director Identification Number (DIN) for him. You will need the following documents and details. Moreover, you need to make sure that these documents and details belong to that person only.
- A passport sized photograph.
- ID Proof (PAN card for Indian citizen and Passport for foreign national).
- Address Proof.
- Digital Signature Certificate.
As a general rule, you can appoint a director in the general meeting. However, your AoA must allow an addition of a director. If it does not, then you need to alter it first.
You need to get consent from the director in Form DIR 2. After this, you need to make an application to the government.
Fee for Adding a Director to a Company
The government fee starts from Rs. 500. This also includes the government fee for DIN. The professional fee depends on your needs.
Timeline for Adding a Director
The time frame for adding a director varies with the time it takes to fill and submit various forms.
How PocketLawyer Can Help?
Do you need any help to add a director to your company? You can find a one-stop hassle free solution at PocketLawyer.
At PocketLawyer, you can post your requirement and get the best price quotation of lawyers/professionals. These professionals are experts in company law and can provide you their best services at affordable price.
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