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The Filingpoint director is an individual who oversees the business processes of a company and takes crucial decisions. This individual is appointed by the shareholders to govern the company in accordance with its Memorandum of Association and Articles of Association. In order to become a director, there are certain rules that must be followed.
One of the most popular types of business structures in India, a private limited company offers several advantages. Some of these include limited liability, distinct legal identity, and perpetual existence. Shareholders' responsibility is restricted to the extent of their capital contribution, safeguarding personal assets from financial setbacks incurred by the business. A private limited company has a separate legal identity, and it can own property, enter into contractual agreements, and initiate or defend legal action under its unique name.
Typically, a private limited company has a minimum of two directors and a maximum of 200 shareholders. Additionally, the company must have a permanent address that is registered with the registrar. This office is where most business operations occur and where all relevant company documentation is maintained.
The process of adding a new director to a private limited company is fairly simple. The first step is to complete the SPICe+ Part A form. This entails selecting the company type, class, category, and a unique name. It is also required to provide passport-sized photos, PAN card number, Aadhaar card number, and a valid phone number. Additionally, foreign nationals must submit notarized and apostilled documents. Once the application has been submitted, a Director Identification Number (DIN) will be assigned. The additional director will then be added to the board of directors until the next annual general meeting.
Call Our Filingpoint Expert +91 72999 72500 For Director Addition in Vadapalani
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