Thursday 31 December 2020

Legal Advisory Services for Changes in Directors of the Company

 

Legal Advisory Services for Changes in Directors of the Company

 A Director in a company is appointed according to the company act 2013, by the shareholder of the company. The objective of appointing the Director in a company is to ensure smooth functioning and better productivity, thereby the company could grow and sustain in the competitive market. The change in the board of directors is possible at any time when needed. The changes in the Board of Directors are possible either through demand or there is the requirement of an expert on the board due to the resignation or death of an existing director.     

The procedures involved in changes in the board of directors are quite complicated, there are so many tricky procedures like:

·   Annual general meeting to appoint a new director, written consent from the concerned unit in Form DIR-2 is mandatory for acting as a new director.

·  Resignation of a Director (Section 168 of the Companies Act 2013) to the concerned ROC in Form DIR-11, within 30 days.

·    In case of resignation or appointment, the related company needs to submit a copy of the resolution in the annual board meeting, along with the Form DIR-12 to the concerned ROC, within 30 days from the effect of the resolution.

·    Related company needs to make necessary entries in the register of director, according to the provision of section 170 of the new Indian Companies Act of 2013.

Therefore, to complete the aforementioned procedures smoothly legal advisory services for changes in the directors of the company are advisable. Taking legal advisory services is the best way for companies to manage their complex and time-consuming matters efficiently. There are primary advantages of hiring legal advisory services.

·         Clients get the best services and the company’s sensitive data remains secure.

·         It is cost-effective and proves beneficial for organizations.

·         Round the clock effective services.

·         Taking legal services reduces the workload of organizations.

Global Jurix

S-191 C, 3rd floor, Manak Complex

School Block, Shakarpur

New Delhi - 110092, India,

Website:www(dot)globaljurix(dot)com

Call at: +91-9810-062-387

      Mail at: corporate(at)globaljurix(dot)com       


       

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