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Conversion of shareholder to director

raghul selvam rr (8 Points)

13 April 2020

Dear Experts, Could you please tell the process to change shareholder to director as per Company law?

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CS Rashi Jain (Practicing Company Secretary @ RASHI JAIN & ASSOCIATES) (1295 Points)
Replied 13 April 2020

Obtain Consent of Proposed Director
Digital Signature of Proposed Director
Obtain Director Identification Number (DIN)
Issue of Notice of General Meeting
Hold Extra Ordinary General Meeting of the Company
Issue Letter of Appointment.
File form DIR-12 to ROC.
Making Necessary entries in Register of Directors.

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CS Lalit Rajput (Company Secretary) (33618 Points)
Replied 13 April 2020

First surrender all shares by the proposed director, if you want to appoint him director without shareholding

conduct a Board meeting and passs a board resolution for appointment as Additional Director reports and file DIR 12 with MCA . you can regularise him as Director in AGM

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