Complete list of requirement to become a director in Company in india

Sure, here is the complete list of requirements to become a director in a company in India:

  • Age: You must be at least 21 years old.
  • Citizenship: You must be a citizen of India.
  • Mental and physical fitness: You must be of sound mind and body.
  • No disqualification: You must not be disqualified from being a director under the Companies Act, 2013. This includes being an undischarged bankrupt, an insolvent, or having been convicted of a serious crime.
  • Director Identification Number (DIN): You must have a DIN, which is a unique identification number issued by the Ministry of Corporate Affairs.
  • Consent to act as a director: You must give your consent to act as a director of the company.
  • Sound understanding of the business: You must have a sound understanding of the business of the company.
  • Necessary skills and experience:¬†You must have the necessary skills and experience to be a director.

In addition to these requirements, some companies may have additional eligibility criteria, such as a minimum educational qualification or a certain number of years of experience in the industry.

If you meet all of the requirements, you can become a director by being appointed by the shareholders of the company. You can also be nominated by the board of directors or by the company’s promoters.

Once you have been appointed as a director, you will be responsible for taking part in the management of the company and ensuring that it complies with the law. You will also be liable for the debts of the company if it becomes insolvent.