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A company director is among the most significant positions in a corporation. The directors are the ones who control the day to day affairs of the company.
Composition of an appropriate board of directors could indeed largely determine the success of your business. As a result, when one establishes a company, they must ensure that the company's director shares the vision for the company’s direction. Thereby, making it essential to comply with the appointment, resignation removal procedures.
A change in a company's directorship is possible at any time as needed. Change can occur either voluntarily (by resignation) or as a result of removal by due process of law. However, removing a director (although possible) is a complicated procedure and hence shareholder should appoint its directors wisely.
The demand to do the compliance under Companies Act 2013 arises when there is any appointment of new director or when an existing director resigns or dies.
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