A minimum of two directors are required to establish a private limited company and the maximum amount cannot exceed beyond fifteen.
To start a One Person Company you need a minimum of One director and the maximum number of directors a company can have is up to 15.
A Director is a natural person who runs the different affairs of the Company being an active member of the same. A Director is needed as Company is a legal entity which does not have a physical presence. A Director can have any name. They are the professionals appointed to direct and manage Company affairs. They are of fundamental importance obtaining a pivotal position in the structure of the company.
According to the Companies Act there are certain duties to be done by the Directors, these general management duties may include:
The shareholders of the company appoint Director of the Company for the management of Company Affair.
The Board of Directors elects a New Directors when there is a vacancy in the position and it may also be if the company wishes to add directors to the existing Board.
The Vacancy of Director occurs in a Company in following cases;
There is an appropriate procedure to appoint a Director in the Company;
A company can eliminate a director before the expiry of the term of his office. This isn't a one-day decision. A Director is given reasonable opportunities of being heard after passing the ordinary resolution. The Company however cannot remove the director appointed by National Company Law Tribunal u/s 242.
Director identification number is the unique number that is issued to existing Director or a Future Director of a Company. It is required to be submitted during the procedure for company registration. It is denoted as DIN. The DIN can be interchangeably used with the Designated Partner Identification Number(DPIN). For registering an LLP (Limited Liability Partnership) in India, DPIN is needed. All the personal information of the person assigned as directed are recorded in DIN. The foreigners and NRI also can obtain a DIN by submitting the identity and address proof. But firstly DSC(Digital Signature Certificate) must be obtained to get DIN(Director Identification Number).
In order to become a Director of Company, the requirements are as followed;
Yes, a foreign national can be a Director of an Indian Company but all the documents submitted must be notarized by the authorized legal professionals.
Also, make sure to carry atleast 2-4 copies of each document and all the Documents should be in English.