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Directors Requirement

Abhishek Selvam O (374 Points)

12 April 2020

Can shareholders be directors of that company.

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5 Replies

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

Yes shareholders can be director of that company

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 13 April 2020

@ Ms CS Rashi Jain.,

Please give some clarification...

The shareholders can be directors to immediate response
or
Any forms to be file as Company's act...

Uday (Article Assistant) (411 Points)
Replied 13 April 2020

Shareholder can become director of a company.Its not an immediate response.Provisions,Procedure & forms applicable for non shareholder are same for shareholder.DIR 3 for DIN & DIR 12 for appointment should be filed

CS Lalit Rajput (Company Secretary) (34268 Points)
Replied 13 April 2020

You need to convene a Board meeting,pass br , ifnot having din apply for DIN in DIR3 form. post din allotment file DIR 12 with required attachment appointment as Additional Director.

Rinks Singh (82 Points)
Replied 15 April 2020

Both are different positions one can hold both position unless there is no restriction in articles. becoming shareholder is a different procedure and becoming Director is a different.