{"id":1481,"date":"2021-04-02T07:42:03","date_gmt":"2021-04-02T07:42:03","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=1481"},"modified":"2021-04-02T07:42:05","modified_gmt":"2021-04-02T07:42:05","slug":"from-additional-director-to-a-director","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/from-additional-director-to-a-director\/","title":{"rendered":"From Additional Director To A Director"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"635\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2020\/12\/WhatsApp-Image-2020-12-10-at-4.34.19-PM-1024x635.jpeg\" alt=\"\" class=\"wp-image-732\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2020\/12\/WhatsApp-Image-2020-12-10-at-4.34.19-PM-1024x635.jpeg 1024w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2020\/12\/WhatsApp-Image-2020-12-10-at-4.34.19-PM-300x186.jpeg 300w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2020\/12\/WhatsApp-Image-2020-12-10-at-4.34.19-PM-768x476.jpeg 768w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2020\/12\/WhatsApp-Image-2020-12-10-at-4.34.19-PM.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The board of directors of a company, if authorized by the articles of association, may appoint a person as an additional director.<\/p>\n\n\n\n<p>If a company wants to appoint a person as a director of the company but couldn\u2019t do the same, as it is not possible to convene a general meeting then the company can appoint the person as additional director in the company till the next annual general meeting.<\/p>\n\n\n\n<p><strong>Term for additional director:<\/strong><\/p>\n\n\n\n<p>Additional directors can hold the office till the ensuing Annual General Meeting or the last date on which the AGM should have been held, whichever is earlier.<\/p>\n\n\n\n<p><strong>Powers and obligations:<\/strong><\/p>\n\n\n\n<p>Additional directors vested the same powers as a director and have the same obligations and limitations asthe director. They are entitled to appoint as a permanent director at the annual general meeting. The additional director must act in good faith for the company and its shareholders.<\/p>\n\n\n\n<p><strong>Procedure for the Appointment of additional director:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Make an application for DIN, section 153 by filing of an E-form DIR-3.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"81\" height=\"70\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/Capture.png\" alt=\"\" class=\"wp-image-1483\"\/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-list\"><li>Obtain consent from the director<\/li><li>Form DIR-2, Section 152(5) the consent to act as a director.<\/li><li>Form MBP-1, Section 184(1) disclosure of the interest.<\/li><li>Form DIR-8, Section 152(4) qualified to become a director.<\/li><\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"81\" height=\"70\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/Capture-1.png\" alt=\"\" class=\"wp-image-1484\"\/><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>Hold board meetings and pass a board resolution for the appointment of additional director under section 161(1).<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"81\" height=\"70\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/Capture-2.png\" alt=\"\" class=\"wp-image-1485\"\/><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>Filing of E-form DIR-12 by the company with the registrar within 30 days of passing of board resolution.<\/li><\/ul>\n\n\n\n<p><strong>Procedure of appoint additional director as a director (i.e., Regularization of Additional Director):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Hold Board Meeting for calling AGM.<\/li><li>Dispatch Explanatory Statement along with Notice of AGM to the members of the company.<\/li><li>Hold the General Meeting and pass an Ordinary Resolution for the appointment as Director.<\/li><li>Filling of E Form DIR 12 with the registrar for the intimation of Change in Designation i.e., from an Additional director to a Director of the Company.<\/li><\/ul>\n\n\n\n<p><strong>Note:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Maximum No. of Additional Directors:<\/strong> Max. number as specified in AOA.<\/li><li><strong>Power to appoint<\/strong> shall be authorized under Articles of Association (AOA)<\/li><li><strong>Powers of Additional Director:<\/strong> Same as Normal Director<\/li><li><strong>Vacation of Office:<\/strong> Shall vacate the office up to the date of next AGM.<\/li><\/ul>\n\n\n\n<p><strong>Qualification of additional director:<\/strong><\/p>\n\n\n\n<p>A person who is appointed as an additional director must not be disqualified to act as a director under section 164.<\/p>\n\n\n\n<p><strong>This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. <a href=\"https:\/\/www.akgvg.com\/\">AKGVG &amp; Associates<\/a> does not intend to advertise its services through this.<\/strong><\/p>\n\n\n\n<p>Posted by: CA Neetu Saini<\/p>\n\n\n\n<p><a href=\"https:\/\/www.akgvg.com\/\"><strong>AKGVG &amp; Associates<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of directors of a company, if authorized by the articles of association, may appoint a person as an additional director. If a company wants to appoint a person as a director of the company but couldn\u2019t do the same, as it is not possible to convene a general meeting then the company can&#8230;<\/p>\n","protected":false},"author":1,"featured_media":732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[323,343,57,13,392,463,478,469,473,277],"class_list":["post-1481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-secretarial-services","tag-akgvg","tag-akgvg-associates","tag-audit-consulting-services","tag-audit-services","tag-ca-firm-in-india","tag-cafirm","tag-director-to-a-director","tag-secretarial-audit","tag-secretarial-service","tag-secretarial-support"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=1481"}],"version-history":[{"count":1,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1481\/revisions"}],"predecessor-version":[{"id":1486,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1481\/revisions\/1486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/732"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=1481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=1481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=1481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}