06 November 2020
Hi, could anyone help explain the process for the following:
Fact: A private limited company having two promoters cum director; having 50%/50% equity shares.
One of the promoter cum director wish to resign form the company.
My questions are: 1. Can a new individual person be appointed as promoter cum director of the above said company? DIR12 has an option "Promoter" in appointment section, could that mean it is possible?
2. Can a new individual person be appointed as director without any expiry/retirement of position as director?
Check Articles of Association of your company. If authorised by articles, an additional director may be appointed by the Board , other wise articles needs to be amedned suitably. Alternatively, you can appoint the director in GM as well.
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