Directors are appointed at the time of incorporation of a company to look after the day to day operations of the company. However, directors can changed at any time due to various reasons. Existing directors can be either removed by the company or through resignation of directors or new directors can be appointed.
Part of Company Compliance, any changes to the directors such as resignation and/or a new appointment must be registered through Form DIR-11 / DIR-12 with ROC.
This document covers
The directors of the company can resign from the post of directorship and the process is a follows.
Generally every director shall be appointed by the company in general meeting .Shareholders gather and take decisions at the general meeting.
Requirements for appointment of new director
DIR 11 is the notice of resignation of a director to the Registrar. It contains the following details.
DIR 12 is the form for appointment of directors and key managerial personnel and the changes among them. It contains the following.
Every form which is filed with ROC will have Govt fee. The Government fee is as follows
|S.No||Share Capital||Fee Applicable|
|1||Less than Rs 1,00,000||Rs 200|
|2||Rs 1,00,000 to Rs 4,99,999||Rs 300|
|3||Rs 5,00,000 to Rs 24,99,999||Rs 400|
|4||Rs 25,00,000 to 99,99,999||Rs 500|
|5||Rs 1,00,00,000 or more||Rs 600|
If the form DIR 11 / DIR 12 is not filed within due date, Additional fee will be levied by MCA as follows.
|S.No||Period of delay||Additional Fee|
|1||Up to 30 days||2 times of normal fees|
|2||More than 30 days and up to 60 days||4 times of normal fees|
|3||More than 60 days and up to 90 days||6 times of normal fees|
|4||More than 90 days and up to 180 days||10 times of normal fees|
|5||More than 180 days||12 times of normal fees|
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