Appointment of a director in just five minutes. Article#2

Click here to view the previous article on the authorization clause and the duties of director

PART 3 : Duties of the Board of Directors:

1. Calling of Board Meeting.
   
   
2. Passing of Board Resolution for the appointment of director.
   Please note a letter of appointment is sent to the director once this resolution is passed
   
   
   
3. Uploading of FORM DIR-12 along with these 3 attachments:
1. Certified True Copy (CTC) of the board resolution
   
   
2. Consent letter of the Director (Form DIR-2)
   
   
3. A copy of appointment letter issued to such director
   
   
   
   
   
4. Lastly, Form MGT-14 is also to be uploaded.
   This is for the disclosure of Interest in MBP-1

After completion of these procedures, a person becomes an additional director of the company. However, to become a regular director, this last step is required.

PART -4 : Regularisation of Additional Director

At the general meeting of a company (AGM/EGM), the said additional director may be appointed as regular director by the members of the company.

The additional director can hold office only till subsequent AGM of the company. If this regularisation process is not adopted by the members at AGM, then such additional director shall cease to hold his office.

If you want to see a quick recap for all the procedures required click here.

Chiranjibi Chapagain
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