APPOINTMENT OF DIRECTOR

The supreme executive authority controlling the management and affairs of an organization vests within the team of directors of the company , collectively mentioned as its Board of Directors. At the core of the company governance practice is that the Board of Directors which oversees how the management serves and protects the longer term interests of all the stakeholders of the corporate.

Overview

The institution of board of directors was supported the premise that a gaggle of trustworthy and respectable people should lookout of the interests of the huge number of shareholders who aren’t directly involved within the management of the company . The position of board of directors is that of trust because the board is entrusted with the responsibility to act within the simplest interests of the company .

Who is eligible to file a TM Opposition?

As per Section 21 of the Trademarks Act, 1999[1], a person or entity can file the notice of trademark opposition. These entities might be anyone, for instance , individuals, partnership firms, companies, and trusts.
There could also be a case where two different individual or entity has got to file the opposition against an equivalent trademark. In such cases, problems with both parties might be combined as opponents.

Time limit for filing an Opposition

The opponent or third party should file the TM opposition within four months from the date of the trademark published within the TM Journal. Generally, the deadline is for 3 months. However, one month is an extendible time.

Documentation Needed For Registration

(All the Documents should be self-attested)

Pan card

Photo

Aadhaar Card

DSC of Directors

Consent letter (signed)

Procedure for Appointment of Director as director (MD)

  1. Nomination and Remuneration Committee shall recommend the appointment and remuneration payable to MD to Board of Directors, if any
  2. Obtain consent in Form DIR-2 from the one that is proposed to be appointed as MD. Obtain a declaration in form DIR-8 from the one that is proposed to be appointed as MD that he’s not disqualified to become a Director
  3. Hold committee meeting to
  • appoint an individual as a further Director and fix terms and conditions of appointment including remuneration and issue a meeting letter.
  • Fix day, date, time for General Meeting
  1. just in case of Listed Company, submit a disclosure of appointment to the stock market within 24 hours from the committee meeting and therefore the same are going to be published on the web site of the corporate .
  2. File a replica of Board Resolution in Form MGT-14 u/s 117(3)(c) of the businesses act, 2013 within 30 days of passing Resolution. Attachment: Certified true copy of Board resolution
(For All Companies including Private)
  1. File Form DIR-12 within 30days of appointment.
Two DIR-12 are going to be filled, First for appointment of a further Director and
second for change in designation from an addition Director to MD
Attachment: DIR-2 Certified true copy of Board resolution
  1. File Particular of appointment of MD within 60 days of appointment in Form MR-1.
Attachment: Certified true copy of Board resolution Certified true copy of Members resolution DIR-2
(Not applicable to non-public Company)
  1. Make entries in register of Directors and KMP and in form MBP-4
  2. Hold a general Meeting and pass Ordinary Resolution/ Special Resolution, because the case could also be .(Not applicable to non-public Company)
  3. just in case of Special Resolution (If the person so appointed has attained the age of 70 years), file a replica of Special Resolution along side an explanatory statement in form MGT-14
  4. just in case of Listed Company, submit a disclosure of proceeding of the meeting to stock market within 24 hours from the overall meeting and therefore the same are going to be published on the web site of the corporate 
  5. just in case of Listed Company, submit details regarding voting result within 48 hours from the overall meeting and therefore the same are going to be published on the web site of the corporate

CATEGORIES OF DIRECTORS:

A. Resident Director

As per Section 149 sub section 3 of Companies Act 2013, Board of Directors of an organization , must have a minimum of 1 resident director i.e. (A one that has lived a minimum of 182 days in India within the previous calendar year)
 

B. Women Director

As per Section 149 (1) (a) second proviso requires certain categories of companies to possess a minimum of 1 Woman director on the board. Such companies are any listed company, and any public company having-
• Paid Up Capital of Rs. 100 cr. or more, or
• Turnover of Rs. 300 cr. or more
• Independent Director

Additional Directors

Based on all the above facts, the Registrar at trademark registry shall involve a hearing. Both parties got to notify the Registrar within fourteen days of the receipt of the hearing notice. Eventually, the Registrar of Trademark will hear the matter and take the choice upon merits.

D. Nominee Director:

As per Section 161(3). Subject to AOA of company, the Board May appoint an individual as a director nominated by any institution in pursuance of the provisions of any law for the nonce effective or of any agreement or by the Central Government or the govt by virtue of its shareholding during a Government company.( according to term: Subject to AOA of company mean there should be provisions in Articles of Association of Company for appointment of Nominee Director, if there is no provision in Articles of company then alter the availability in AOA)

E. Alternate Directors:

As per Section 161(2) an organization May appoint, if the articles confer such power on company or a resolution is passed (if an Director is absent from India for a minimum of three months).

PROCEDURE FOR APPOINTMENT OF DIRECTOR

  1. Get in touch with our expert for free consultation. 
  2. Fill the Details sheet form. (Download details sheet form).
  3. Provide the necessary Documents.
  4. Application form with concern Department.
  5. Document verification.
  6. Now your work is completed. (Congratulation your work is completed now.)

Packages

Choose your package & proceed to pay

BasicStandardPremium
Addition of director where Already having DIN And DSC.Add one Director Already Having DSC. Inclusive of One Din to Board of Director.Addition of director. Inclusive of One DSC And DIN to Board of Director.
Rs.2000/-Rs. 4899/-Rs. 5899/-

FAQ's

1. the way to Appoint or Add New Director privately Ltd. ?

Ans. 1. Obtain Consent of Proposed Director:
2. Digital Signature of Proposed Director :
3. Obtain Director number (DIN):
4. Issue of Notice of General Meeting:
5. Hold Extra Ordinary General Meeting of the corporate :
6. Issue Letter of Appointment.
7. File form DIR-12 to ROC.
8. Making Necessary entries in Register of Directors.

2. How does one regularize a further director?

Ans. Hold committee meeting for calling AGM. Dispatch Explanatory Statement along side Notice of AGM to the members. Hold General Meeting and pass Ordinary Resolution for the appointment as Director.

3 .Whether MD are often appointed as Director in the other Company?

Answer: Yes

 

4.Whether a personal Ltd. required to file MGT- 14 just in case of variation in term of appointment of Managing Director?

Ans: YES .As per provision of Section 117(3)(C) .

5. Whether Section 197 & Schedule V applicable on Private Limited Company?

Answer: No

 

6. what's limit of remuneration of KMP for personal Limited Companies?

Ans: there’s no limit on remuneration for personal Limited Companies. they will pay any amount of remuneration without suits provision of Section 197 and Schedule V.

7. Whether there's needing of General Meeting approval for appointment of MD/WTD privately Limited Company?

Ans: Private Ltd. can designate its Director as MD/WTD without approval of shareholder only by passing of Board Resolution.

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Call us at +91-7738877316

Email us support@setupfilings.com