Appointment and Resignation of Directors
The appointment and resignation of directors are critical corporate events requiring proper documentation and regulatory compliance. When appointing a director, the company must pass a board resolution, obtain shareholder approval if needed, and file the relevant forms, such as DIR-12, with the Registrar of Companies (ROC). Similarly, a director’s resignation must be formally accepted by the board and reported to the ROC using the appropriate form. Both actions should be documented in board meeting minutes. Ensuring timely and accurate filings helps maintain corporate governance standards, prevents legal issues, and ensures that the company’s leadership structure remains compliant with regulations.
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