A company director is a trusted entity by the shareholders for managing the affairs of the company as per MOA and AOA. There can be multiple reasons for the resignation of a Company Director. He/she can be terminated by Shareholders or the Board of Directors. In some cases, by filing an intimation of change of Director with the Ministry of Corporate Affairs, a director can be removed or may resign.
The termination process varies for the resignation and removal of the Director. The Company Director must give written notice or a resignation must be submitted to the Shareholders or the Board. Within 30 days from resignation or termination, the Board is obliged to file the necessary filings with MCA. By using the right forms, a Director can also file a copy of the resignation letter directly to the ROC.
Complisure offers business services such as Trademark filing, Income tax filing, GST Registration and much more. We can aid you in the process of removal of the director. Subject to government processing time and client document submission, it takes an average of 10-15 days for filing the resignation of the director of the company.
A Managing Director is a person who is entrusted with significant powers to maintain the company affairs by the company meeting, agreement or its Board of Directors.
An Executive Director is a person who is involved with full-time employment of the Company. Hence, he/she is crucial in managing company affairs and management.
An additional Director is a person who upholds the business unit for a temporary period of time (usually up to two annual general meetings). Company is subject to their provisions of the Articles of Association (AOA) of an entity. He/She is appointed by the Board of Directors.
An Ordinary Director is neither a full-time Director nor a Managing Director. An Ordinary Director is concerned with the matters of the Board of Directors and has to attend the Board Meetings of a Company.
An Alternate Director is appointed by the Board of Directors to act as a Director in general meetings. This person can replace the absence of the original Director for a time span of fewer than three months. Non-Residents of India and Foreign Collaborators are replaced and an Alternate Director is appointed.
The process includes the Director on the existing Board of Directors. We will advise and guide you with the relevant procedure.
On acquiring a complete understanding of the procedure, you will be guided to gather all the required documents by our experts.
In order to register a new Director, the required documents will be filed and prepared by our experts in accordance with the Ministry of Corporate Affairs soon after the Board Resolutions are passed.
Contact us to assist with your resignation or the termination of a Director.