Appointment of Directors & Mandatory Filings

  • Act/Rule/Legislation

  • Online Link to Act/Rule/Legislation

  • Initial Setup or Ongoing Maintenance

    Ongoing compliance requirement

  • Filing and Maintenance Requirements

    Presently, as per the provisions of Schedule XIII to the Companies Act, it is necessary to obtain the approval of the Central Government for appointing a person who is not resident in India, i.e. a person who has not been staying in India for a continuous period of not less than 12 months immediately preceding the date of his appointment as a managerial person.

    For further details please visit: http://www.mca.gov.in/MCA21/dca/help/instructionkit/NCA/Form_DIR-12_help.pdf

  • Penalty

    The company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.

  • Application Guidelines / Responsible Persons / Comments

    Company to inform its members of the candidature of a person for the office of director or intention of a member to propose such person as a candidature at least 7 days before general meeting by (a) individual notices through electronic mode to members who have provided email address and in writing to others; and (b) placing notice of candidature on the website of the company.

    For more detailed information please visit: http://www.mca.gov.in/MinistryV2/chapter4.html