Overview of Adding a Director in a Private Ltd. Company

Directors play a significant part in the functioning of a Private Limited Company as per the Articles of Association (AOA) and Memorandum of Association (MoA). The Directors take care of the day-to-day decisions and are also a vital person in whom the shareholders of the company have complete faith and trust for the money they have invested in the concerned Private Limited Company.

A company is an artificial person; thereby, it can only act when supported by a natural, living person. Therefore, a director of a private limited company must be a living person, and the Board of Directors of the Private Limited Company are in charge of the management of the Private Limited Company. From time to time, based on the need of the shareholders of the company.

We at Taxrepair aim to deliver comprehensive solutions in the appointment of the Director and other consultancy services pertaining to Private Limited Company to help run the firm smoothly.

Documents Required for Adding a Director in a Private Ltd. Company

• Scanned copy (for ID Proof):
• Aadhar card
• PAN Card
• Voters ID
• Driving license
• scanned copy of (Not older than two months, preferably the latest one) (used for Address Proof):
• Latest bank statement
• Mobile or telephone bill
• Gas or electricity bill
• Passport size photograph
• DSC: Digital Signature Certificate
• Consent Letter of the proposed Director
• An Indian Citizen must carry PAN Card with them.
• A Foreign National must carry their passport with them.

Reasons for Adding a Director to a Private Ltd. Company Meet the Statutory Limit

Every type of entity needs a certain number of directors in their firm; like in a Public Limited Company, there is a necessity of a minimum of three directors, while in a Private Limited Company, there should be two directors at any given point in time. Thereby, to meet the statutory requirement, the Private Limited Company need to appoint a new Director for the entity.

To pave the way to new talent.

With time company grows and has to evolve as well and to do that, one needs to bring in new talent on board to meet the new challenges and requirements of the company. Thereby, at times becomes imperative to make changes in the top level of the company to help the company grow further.

Inefficient Directors

The Private Limited Company will need a new director if the existing Director fails to perform their duties efficiently and thereby is not able to meet the standards of the work or when the current Director is unable to fulfil their obligations due to their retirement, personal reasons, physical ailment or some emergency regarding the family.

Timelines of Adding a Director in a Private Ltd. Company

Tax repair is a one-stop-shop for Adding a Director for a Private Limited Company. Our entire team at Taxrepair are highly qualified professionals who ensure that adding a Director to a Private Limited Company is seamless, quick and easy. The completion of the process and procedures of adding a director is subject to the approvals and reverts from the concerned government officials.

Our team is always ready to interact with you and give you consultation on adding a director in a Private Limited Company. So, contact us or write to us without delay for getting more clarity on this subject.