Company’s Director Change (Appointment & Resignation)

Seamlessly manage director appointments and resignations while staying fully compliant— powered by Finance Shelter

Picture this…

A key director resigns unexpectedly, and a new expert is ready to join. The clock starts ticking: MCA filings must be updated within 30 days, board resolutions passed, and statutory registers amended. Delays risk penalties and operational disruptions.

With Finance Shelter, your director changes are handled swiftly and accurately. Board and shareholder approvals are drafted, e-forms filed on time, and all records updated—ensuring smooth transitions and uninterrupted governance.

1. Why Director Changes Matter

• Legal compliance – Companies Act mandates timely filing of director appointments and resignations.
• Avoid penalties – Late filings attract fines and can lead to DIN deactivation.
• Maintain governance – Accurate records ensure smooth board functioning and regulatory trust.
• Investor confidence – Transparent director changes build stakeholder trust.
• Operational continuity – Prevent disruptions in decision-making and statutory obligations.

2. Types of Director Changes We Manage

1. Appointment of Directors – New directors joining the board, including independent and nominee directors.
2. Resignation of Directors – Voluntary or due to disqualification, death, or removal.
3. Re-appointment and Cessation – Directors completing terms or stepping down.
4. Change in Director Details – Updates to address, DIN, or other personal information.

3. Finance Shelter’s 5-Step “Director-Flow” Process

1. Board & Shareholder Resolutions – Draft and circulate notices, hold meetings, and record approvals.
2. E-Form Filing – File DIR-12 and other necessary forms with MCA, digitally signed and tracked.
3. Statutory Register Updates – Amend registers of directors and key managerial personnel.
4. Stakeholder Communication – Notify banks, ROC, GST, and other authorities as needed.
5. Compliance Dashboard – Maintain records and send reminders for future filings.

Fastest record: 48 hours from board resolution to MCA approval.

4. Common Pitfalls We Avoid

• Missing the 30-day filing deadline—leading to penalties.
• Incomplete or incorrect DIR-12 filings causing rejections.
• Failure to update statutory registers and share certificates.
• Not informing stakeholders like banks and tax authorities.
• Overlooking DIN activation or deactivation procedures.

Our 50-point checklist ensures flawless director change compliance.

5. Success Snapshots

• IT services firm – Appointed 3 new directors and filed all forms within 3 days, enabling smooth project approvals.
• Manufacturing company – Managed sudden resignation and replacement without any compliance gaps or penalties.
• Start-up – Updated director details and re-appointed key personnel ahead of investor due diligence.

6. Why Finance Shelter?

• Ex-ROC officials and company secretaries ensure expert, timely filings.
• End-to-end service: board support, MCA filings, statutory updates, and stakeholder notifications.
• Transparent pricing with no hidden fees.
• Real-time WhatsApp updates and dedicated client support.
• 100% on-time filing record with zero penalties for clients.