Every Director of the company plays vital role to do the business running smoothly. A director is managerial person to the company and keep the day to day activities to monitor closely. A company can appoint additional director to the company to efficiently running the business from time to time if necessary. To effect the director in company, shareholder should be given the approval to appoint as director and to file the Form DIR 12 with Ministry of Company Affairs (MCA). A proposing director should have valid DIN and Digital Signature for making application for Director in a Company who are completed age of 18 as on application date. Digital Signature can be obtained in one day as which is an electronic process i.e who has aadhar-card number by validating mobile & Email. DIN can be obtained in one working day with documents of PAN, Address and residential Proof with attachment of Form DIR2 duly notarized by a advocate. Indian nationals, Non-resident, foreign national can be obtained the DIN to be appointed as a director of company in India.
A Company may be called winding up by selling the majority share of the company to others. As per the act which is not a winding up but the shares are transferred to other person or entity. The existing shareholders discharged their duties and responsibilities to new one
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In case a company registered under the Companies act doing unlawful business or fraudulent act, such a company would be wound up compulsorily by the Tribunal by filing the petition in Form WIN 1 or WIN 2 in triplicate accompanied with Form WIN 3
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Directors of the company can be applying for voluntarily windup of the Company registered under companies act and to follow the compliance as per the act. The certain mandatory requirements to be completed to voluntarily winding up the company under the companies by passing necessary resolution as per the act.
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There is no financial transaction don by the company since incorporation is called dormant and defunct company. The Governments provide certain relief for this company. A dormant or Defunct company can be winding up by applying the Form STK-2, no other documents submission required under Form STK2. A Dormant or Defunct Company should not have assets & Liabilities, No financial Transactions, no activity for last one year prior to making application.
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