Removal of Director
Process involved in Director Removal
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Documentation
A company can intimate changes among designated partners’ or partners’ or change in any particulars of designated partners’ or partners’ of a LLP by filing Form 4 along with explanatory statements.The process takes around 2-3 days, subject to ROC processing time
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Intimation
A company can intimate changes among designated partners’ or partners’ or change in any particulars of designated partners’ or partners’ of a LLP by filing Form 4
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Adding a Director
Digital Signature must first be obtained for the proposed Director. Once, Digital Signature is obtained, the proposed Director can be added into the Company with the consent of the shareholders
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Removal of Director
It is important to ensure the Company or a LLP would have the minimum required number of Director or Designated Partner after removal of the Director. If so, then the resignation letter along with the required form must be filed to effect the resignation of the Director
APPOINTMENT OF DIRECTORS OF BOARD
Board of Directors can appoint Additional Directors by filing Form DIR-12
Frequently Asked Questions (FAQ's)
Feature's of Director Removal
A fresh perspective
Adding/removing a director can add a fresh perspevtive to the company
Connections that count
any director who is added may have connections that can add benefit to the company.
Keeps the management team in check
change in constitution of BOD can keep the team in check
An objective view
director can change the objective of the company that can be beneficial to the company
