Change of Directors in India

Q: What is the minimum number of directors required for a company in India?

One Person Company (OPC): 1 director Private Limited Company: 2 directors Public Limited Company: 3 directors

Q: Is the Director Identification Number (DIN) mandatory for all directors?

Yes, a Director Identification Number (DIN) is mandatory for every individual who intends to be appointed as a director of a company in India.

Q: Can a director resign at any time?

Yes, a director can resign at any time by giving a notice in writing to the company. The resignation becomes effective from the date specified in the notice or the date of receipt of the notice by the company, whichever is later.

Q: Does a resigning director remain liable for past actions?

A resigning director generally remains liable for acts done during their tenure as a director, especially if those acts were in contravention of the law or involved misconduct. However, they are not typically liable for actions taken by the company after their effective date of resignation.

Q: What is Form DIR-12 used for?

Form DIR-12 is used by a company to intimate the Registrar of Companies (RoC) about the appointment, cessation (resignation or removal), or change in designation of its directors and Key Managerial Personnel (KMP).

Q: What is the deadline for filing Form DIR-12?

Form DIR-12 must be filed within 30 days of the effective date of the appointment, cessation, or change in designation of a director or KMP.

Q: Are there penalties for late filing of MCA forms?

Yes, significant penalties are imposed for late filing of MCA forms, including Form DIR-12. The additional fees increase with the delay, so timely filing is crucial.

Q: Can a director be removed without their consent?

Yes, a director can be removed by the shareholders of a company by passing an ordinary resolution, even without their consent, as per Section 169 of the Companies Act, 2013. However, the director must be given a reasonable opportunity to be heard.

Q: Do director changes affect other business registrations like GST or bank accounts?

Yes, director changes can affect other business registrations. If a director is an authorized signatory for GST or bank accounts, these records need to be updated. Similarly, certain licenses may also require notification of director changes.

Q: Is it necessary for an outgoing director to sell their shares?

No, an outgoing director is not necessarily required to sell their shares. Shareholding and directorship are separate aspects. A person can be a shareholder without being a director, and vice versa.

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Frequently Asked Questions (FAQs)

What is the minimum number of directors required for a company in India?

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One Person Company (OPC): 1 director
Private Limited Company: 2 directors
Public Limited Company: 3 directors

Is the Director Identification Number (DIN) mandatory for all directors?

Can a director resign at any time?

Does a resigning director remain liable for past actions?

What is Form DIR-12 used for?

What is the deadline for filing Form DIR-12?

Are there penalties for late filing of MCA forms?

Can a director be removed without their consent?

Do director changes affect other business registrations like GST or bank accounts?

Is it necessary for an outgoing director to sell their shares?

Why Choose RegisterKaro for the Change of Director Services?

Making changes to your company’s board isn’t just about filing forms; it’s about doing it right, on time, and without hassle. That’s where RegisterKaro steps in.

End-to-End Support: From drafting board resolutions to filing DIR-12, DIR-6, and updating other registrations like GST, we manage everything for you.
Accurate Documentation: All board resolutions, consent letters, and forms are professionally drafted and reviewed for error-free filing.
PAN India Service: Whether you're in Delhi, Mumbai, Chennai, or a smaller town, we serve businesses across India with equal efficiency.
Real-Time Updates: Stay informed with regular progress updates and reminders until the process is completed.
Data Confidentiality: We follow strict data security practices to keep your company’s information private and protected.

Why Choose RegisterKaro for the Change of Director Services?

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