Process of Registration by Taxhub
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Overview of Appointment/Resignation of Director
It is well said that Directors are the brain of the company. They are the managerial staff who control and administer the company's services. The revolution of directors takes place in one or another way – either by the selection of new director or withdrawal of existing.
hange of director implies the addition or removal of the director in the company. The board of directors are generally empowered to appoint a director because of casual vacancy caused due to resignation of an existing director. However, such as the appointment of new director by the Board of Directors need to be ratified by the shareholders in a valid Extra-Ordinary General Meeting.
Procedure for Appointment/Resignation of Director
Appointment of Director
• Call the Board Meeting
• Pass Resolution for appointment of Additional Director
• Issue Appointment letter
• File E Form DIR-12
• File E Form MGT-14
Resignation of Director
• Call the Board Meeting
• Pass Resolution for acceptance of Resignation of Director
• File E Form DIR-12
Basic Documents for Director Appointment/Resignation
Appointing Director
• Passport size photograph (Scan Copy)
• PAN Card copy (Mandatory)
• Proof of Identity -Passport/Voter ID/Driving License/Aadhar Card
• Proof of Residence (in the name of applicant) -Bank Statement / Electricity Bill
• Form DIR-2 (Provided by Taxhub)
Resignation of Director
• Resignation Letter of Director
• Copy of Resolution passed by the Director
1,999/-
All Inclusive Fees
| Filing of DIR-12(Without DSC & DIN) |
2,999/-
All Inclusive Fees
| Filing of DIR-12 |
| Filing of DIN(Without DSC) |
4,999/-
All Inclusive Fees
| Filing of DIR-12 |
| Filing of DIN(Including DSC) |
Benefits of Change in Director Filing in India
Looking to expand into new markets isn't easy with the day-to-day minutiae of the business to attend to. Or maybe sales potential isn't being realised because you're too busy on time-consuming human resources issues. Bringing in an MD can help free you up
It should provide limited liability. This means that the personal liability of directors/shareholders is limited to their investment in the company.
By Appointing a director in accompany you can save a tax by claiming the director remuneration as an expenses in profit & loss statement of the company
By appointing a director in a company, he can help in development of business strategy and smooth running of business.
Appointment of director can help in monitoring the performance of executive management in meeting agreed objectives
By appointing a director you can trust on the verification that financial information is accurate and presenting it to share
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
