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Add Directors

A company is an artificial person which cannot function on its own. A person or a group of person is appointed by the shareholders of the company known as Director. Directors are required for managing the affairs of the company as it’s an artificial body.
The affairs are conducted on the basis of the Memorandum of Association and Articles of Association of the company.

APPOINTMENT OF DIRECTORS
Any person who is suitable to be appointed as a director must obtain a digital signature certificate (DSC) and director identification number (DIN) before getting appointed. Any person of the age 18 or above can obtain DIN irrespective of the nationality or residency status.

Types of Directors
A company has body known as the board of directors consisting of following types of directors in company:
1. Managing Director- Company appoints a person entrusted with substantial powers of the management of the affairs of the company,known as managing directors. They are appointed by virtue of AOA of a company or a resolution passed in its general meeting or any agreement with the company if any.
2. Whole-time Director (WTD) or Executive Director- any person who is in full-time employment of the company and its affairs is known as Executive Director or Whole-time Director.
3. Director- a simple or ordinary director other than the full-time directors or MD, who attends all the board meetings of a company and participates in the matters and affairs of the company, is an ordinary director.
4. Nominee Director- a person is appointed as a nominee director upon the assistance of any bank and private equity investors who provide debt or equity to make sure that their investment is safe.
5. Additional Director- a person appointed by the board of directors in between two AGM of a company and not exceeding maximum strength fixed for the board of directors.
6. Women Director- Listed companies with paid-up share capital of 100 crores or more or turnover of Rs. 300 crores or more have to appoint at least one woman director.
We at Connect Soul provide the service of the appointment of director as per the companies act, 2013