Director Change refers to the process of appointing a new director, resigning an existing director, or making changes to the details of a current director in a company. This is a crucial compliance requirement under the Companies Act, 2013, and must be properly documented and filed with the Registrar of Companies (ROC).
The process involves passing a board resolution, obtaining necessary approvals, updating the company's records, and filing the relevant forms (like DIR-12) with the ROC within 30 days of the change. The company must ensure that the minimum and maximum number of directors as per the Companies Act and the company's Articles of Association are maintained at all times.
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