Addition of New Directors
A Director of a Company is a person that is elected by the shareholders to manage the affairs of the company as per the MOA and AOA. As the company is an artificial person it can only act through the agency of a natural person. Thus, a director has to be a living person and the management of the company is entrusted to its Board of Directors. The appointment of the Directors can be required from time to time based on the requirements of the shareholders of the business.
How to add a Director to a Company ?
The Company should obtain all the KYC Documents along with the necessary educational qualifications documents as per the conditions of the job. Also, there is no minimum education qualification to hold the post of Director in the Company in India.
Who is a Director in a Private Limited Company?.
The Companies Act,2013 defines the term Director as someone who is appointed to the Board of a Company. The Board of Directors is a group of those individuals who are elected by the shareholders of the company to manage the affairs of the company. As a company is an artificial legal person that is created by law, the company can act only through the agency of natural persons. The Directors can only act through Human beings and the Directors through whom the company mainly acts. The Board of Directors is that body of individuals on which the management of a company is entrusted.
According, to the other definitions a Director is someone who administers, controls, or directs something. A Director is someone who supervises, controls, or manages. He is a person who is elected by the shareholders of a company to direct a company's policies; he is a person appointed or elected under the law, and who is authorized to manage and direct the affairs of the Company.
Maximum and Minimum Number of Directors in Private Limited Company.
A corporate body of the business entity cannot be appointed as a Director in a private limited company. Hence, only an individual can be appointed as a Director in a Company. A Private Limited company can have a maximum of fifteen directors and the number of directors can be increased further by passing a special resolution.