Change in Directors of a Company Compliances
Consulting Services
Legal Conformity
Documentary Assistance
Filing and Submission
Follow-up and Coordination
Advisory Support
Understanding Form DIR – 11 & Form DIR – 12
Purpose: Verify the authenticity of the director's DIN following their appointment in a company.
Applicability: Applicable to individuals newly appointed as directors in a company who have been allotted a DIN.
Timeframe: It is imperative to file Form DIR-11 within 30 days from the date of the director's appointment in the company.
Information Required: The form mandates the provision of essential details including the director's DIN, Full Name, Date of Birth, Father's Name, Residential Address, and Permanent Account Number (PAN).
Verification Process: The director is required to verify the correctness and accuracy of the information.
Digital Signature: Form DIR-11 must be digitally signed by the director making the verification or an authorized signatory.
Consequences of Non-Compliance: Failure to adhere to the prescribed timeframe for filing Form DIR-11 may result in penalties and legal repercussions for both the director and the company.
Purpose: Used to inform the Registrar of Companies (RoC) about changes in directors' particulars.
Applicability: Applies to director appointments, resignations, or changes in details.
Timeframe: Must be filed within 30 days of the directorial change.
Information Required: Includes DIN, Name, Designation, Address, Date of Change, etc.
Attachments: May require supporting documents like resignation letters or board resolutions.
Digital Signature: Needs to be digitally signed by the director or authorized signatory.
Verification: Information provided must be accurate and verified before submission.
Consequences of Non-Compliance: Late filing may result in penalties and legal consequences.
Why Choose Us?
When it comes to your financial and compliance needs, we know you have choices. Choosing us means choosing a partner who's committed to your success.
We've Been There, Done That-
With years of experience under our belt and a team of seasoned professionals, we've tackled every financial and compliance challenge imaginable.
You're Our Top Priority-
Your success is our priority. We take the time to understand your business inside and out, tailoring our services to meet your specific needs and goals.
One-Stop For Excellence-
From accounting and taxes to compliance and advisory services, we've got you covered under one roof.
Honesty is Our Policy-
Trust is the foundation of our relationship. You can count on us to deliver honest, transparent advice and services every step of the way.
You're Not Just a Number-
We treat every client like family. Expect personalized attention and support from our dedicated team throughout our partnership.
Maximizing Value, Minimizing Costs-
We know you're budget-conscious. Our solutions are designed to deliver maximum value without breaking the bank.
Managing change in directors requires careful attention and adherence to legal procedures.
We're Here to Guide You Every Step of the Way!
Procedure for Change in Directors of a Company Compliances
Here are the documents typically required for a Change in Director of a Company:
- Start the process with a board meeting. Here, decisions on accepting resignations and appointing new directors are formalized through a board resolution.
- Outgoing directors submit formal resignation letters, specifying the effective date of resignation. These documents serve as legal records of the transition.
- Once resignations are accepted, the board proceeds with appointing new directors. Candidates are evaluated based on qualifications and alignment with company objectives.
- Prepare and file Form DIR-12 with the Registrar of Companies (RoC) within 30 days of changes. This notifies authorities of directorial shifts and ensures compliance with legal requirements.
- Update company records, including the Register of Directors, Register of Members, and Register of Charges, to reflect the changes accurately.
- Review the company's Articles of Association to ensure alignment with new director appointments. Any necessary amendments should be made and documented.
- Inform banks, financial institutions, and relevant stakeholders about the changes. Clear and transparent communication fosters trust and ensures operational continuity.
- Review corporate governance policies to ensure they reflect current directorial composition. Updates may be necessary to maintain alignment with regulatory standards.
- Monitor ongoing compliance with disclosure requirements, board meeting attendance, and corporate governance standards to uphold regulatory obligations.
Hear From Those We've Helped!
Don't just take our word for it. Hear directly from our clients who have achieved their financial goals with our services.
Why Choose Us?
When it comes to your financial and compliance needs, we know you have choices. Choosing us means choosing a partner who's committed to your success.
We've Been There, Done That-
With years of experience under our belt and a team of seasoned professionals, we've tackled every financial and compliance challenge imaginable.
You're Our Top Priority-
Your success is our priority. We take the time to understand your business inside and out, tailoring our services to meet your specific needs and goals.
One-Stop For Excellence-
From accounting and taxes to compliance and advisory services, we've got you covered under one roof.
Honesty is Our Policy-
Trust is the foundation of our relationship. You can count on us to deliver honest, transparent advice and services every step of the way.
You're Not Just a Number-
We treat every client like family. Expect personalized attention and support from our dedicated team throughout our partnership.
Maximizing Value, Minimizing Costs-
We know you're budget-conscious. Our solutions are designed to deliver maximum value without breaking the bank.
Documents Required for Change in Director of a Company
Here are the documents typically required for a Change in Director of a Company:
Formal document submitted by the outgoing director stating their intention to resign from their position.
Formal letter issued to the newly appointed director outlining their roles, responsibilities, and terms of appointment.
Document passed by the board of directors accepting the resignation of the outgoing director(s) and approving the appointment of the new director(s).
Letter signed by the newly appointed director(s) consenting to their appointment and agreeing to act as director(s) of the company.
Copies of identity proof (such as PAN card, Aadhaar card, passport, etc.) and address proof (such as passport, driving license, voter ID, etc.) of the newly appointed director(s).
Declaration stating that the newly appointed director(s) do not hold any other Director Identification Number (DIN) except the one being used for the current appointment.
Minutes of the board meeting where the resignation and appointment of directors were discussed and approved.
Forms such as Form DIR-12 for informing the Registrar of Companies (RoC) about the changes in directorship.
Schedule Your Consultation with
NGH & Associates Today
Disclaimer: The information provided on this page is for general informational purposes only. It is not intended to be, nor should it be construed as legal, financial, or professional advice. Readers are advised to seek appropriate guidance and conduct their own research or consult with a qualified professional regarding specific legal, financial, or business matters. The author and publisher of this content make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. Any reliance you place on such information is therefore strictly at your own risk. In no event will the author and publisher be liable for any loss or damage arising out of, or in connection with, the use of this information.