Appointing new directors is required when a business is in expansion mode or if current directors want to add one or more people on company’s board of director list. All directors may or may not be investors in nature. There are executive directors appointed to fulfill a specific responsibility.
Appointment of director
Appointment of director is done by current board of directors and this must be notified to registrar of companies. All directors must have Director Identification Number or DIN and at least one of them must have DSC or digital signature to complete this process.
Articles of Association (AOA) should also be updated as part of this process.
There can also be role based directors in a company like Additional Director, Managing Director, Alternate Director or Executive Director.
To add director in a company, take help of Chartered Accountant to proceed further with this requirement.