Appointment of Director:
Except as provided in the Act, every director shall be appointed by the company (or) add directors in general meeting.Add Directors & GST Registrations.
Director Identification Number is compulsory for appointment of director of a company.
Every person proposed to be add directors shall furnish his Director Identification Number and a declaration that he is not disqualified to become a director under the Act.
A person appointed as a director shall on or before the appointment give his consent to hold the office of director in physical form DIR-2 i.e. Consent to act as a director of a company.Company shall file Form DIR-12 (particulars of appointment of directors and KMP along with the form DIR-2 as an attachment within 30 days of the appointment of a director,necessary fee.
Articles of the Company may provide the provisions relating to retirement of the all directors. If there is no provision in the article, then not less than two-thirds of the total number of directors of a public company shall be persons whose period of office is liable to determination by retirement by rotation and eligible to be reappointed at annual general meeting.Further independent directors shall not be included for the computation of total number of directors. Add Directors & GST Registrations.At the annual general meeting of a public company one-third of such of the directors for the time being as are liable to retire by rotation, or if their number is neither three nor a multiple of three, then, the number nearest to one-third, shall retire from office. The directors to retire by rotation at every annual general meeting shall be those who have been longest in office since their last appointment.