As per Companies Act 2013, every private limited company is required to have minimum 2 directors and every public company is required to have at least 3 directors. Directors can be appointed either by a board of directors or shareholders of the company.
Change in directors means either appointment of director or resignation of director. Generally a director can be added in a company only in general meeting with the approval of shareholders. If it is not possible to wait for an annual general meeting(AGM) or extraordinary general meeting(EGM) then a director can also be added by board of directors in board meeting. Additional director can then be regularized as director in upcoming AGM.
At Tax Shooter, we offer assistance at every step and assure seamless solutions. Contact us today to know more.