Addition of Director

A Director is an individual person, who is a member of the Board of Directors. Directors are entrusted with multiple powers and responsibilities under the Companies Act, 2013. 

A Director can be appointed through due process by the Board of Directors or by Shareholders:

• Minimum Directors Needed: Private Company- 2; Public Company- 3; One Person Company- 1
• A Company can appoint as many Directors as needed
• A Director need not be a shareholder. He can be an Individual, who is a Major and is not disqualified by law to become a Director
• A director can be Executive (Employee) Director / Non-Executive (Advisor) Director / Independent Director

Multiple types of Directors include:

• Non-Executive Director (Advisor Director)
• Managing Director
• Additional Director (Appointed by Board of Directors, for the short term)
• Alternate Director (Appointed in place of another Director, who is resident outside India)
• Executive Director (Employee Director)
• Women Director
• Independent Director (Director not holding any interest in the Company, appointed in governance role)
• Nominee Director (Nominee of any Creditor / Lender appointed on to the Board of Company)