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Board of Director

02 December 2019

I have recently got one offer in the market of Board of Director with 100 equity share; salary package also agreed as per my demand. Now they have sent me DIR form to obtain my consent. Can they utilize this consent form to misuse my liabilities? I have not resigned from my existing company; can I ask for appointment letter before signing consent form?

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Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 03 December 2019

Consent is required to get appoint as director in the company and file form is MCA website. Company won't be giving you appointment letter until they get your consent and they appoint you on ROC. With respect to your liabilities, you will be liable for acts / transactions done in the company during your tenure as a director in the company. You won't be liable for any acts/transactions done in company when you were not director in the company.