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umesh

umesh (Querist)
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12 August 2013 How shareholders appoint a directors ???

and

Director can be a shareholder or not ???

Ajay Mishra

Ajay Mishra (Expert)
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13 August 2013 Hi

Yes, Director can be a member of the company.

Procedure for Appointment of Director in General Meeting

1. Take consent of director and DIN/disclosure of interest
2. Call a Board Meeting for proposal of appointment of director
3. Hold a Board Meeting and call a General Meeting for such appointment as director.
4. Hold General Meeting and pass Ordinary Resolution under section 257.
4. File Form-32, with ROC, with in 30 days from the date of appointment.
5. Attach consent letter with Form-32, in case of public limited company.
6. Take entry in Minutes.

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