Director Change

Changing a director within a company is a significant corporate governance action that requires meticulous procedural compliance. Whether it’s an appointment, resignation, or removal, the process begins with board approval and, in some cases, shareholder resolution, particularly for significant appointments or removals. Following internal approvals, the company must file specific forms, such as Form DIR-12, with the Registrar of Companies (ROC) within the stipulated timeframe to officially notify the change. This ensures that the public records reflect the current management structure and helps maintain transparency. Proper documentation and timely filing are crucial to avoid penalties and ensure the company remains in good standing with regulatory authorities, reflecting accurate leadership.