Appointment Of Director With Retrospective Effect In Kings
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Any appointment may be declared to have effect as from the date upon which the appointee commenced to exercise the powers and discharge the duties of his appointment, not being a date earlier than the date of the commencement of the enactment under which the appointment is made.
At a Board of Directors meeting, the necessary Board Resolution has to be passed for reappointing an Independent Director. As the re-appointment of such a Director is subject to shareholders' approval, a General Meeting also has to be convened and their authorisation granted.
When you appoint a director with Companies House (via the AP01 form of via our system) you are able to backdate the appointment. This is because Companies House take appointments “on good faith”.
First, you must notify Companies House of your intention to add a director to your company. You can do this using form APO1, which you can either print out, complete, and post to the organisation, or fill it out online through their website.
A company director can be appointed during company formation and at any time thereafter. Likewise, directors can resign or be removed at any point after incorporation.
When you appoint a director with Companies House (via the AP01 form of via our system) you are able to backdate the appointment. This is because Companies House take appointments “on good faith”.
Who appoints directors? Most commonly, directors are appointed by the shareholders at the Annual General Meeting (AGM), or in extreme circumstances, at an Extraordinary General Meeting (EGM). A resolution for the appointment is put to a vote, and passed if a majority of shares are voted in favour.
He or she should have completed twenty-five (25) years of age, but be less than the age of seventy (70) years. However, this age limit is not applicable if the appointment is approved by a special resolution passed by the company in general meeting or the approval of the Central Government is obtained.
Proposed resolutions should be sent to all eligible members (those entitled to vote) and the company auditor (if applicable), either in writing or electronic format. If a resolution to remove a director is proposed at a general meeting, the director who is proposed to be removed must also receive a copy.
A resolution for the appointment is put to a vote, and passed if a majority of shares are voted in favour. Directors are appointed when the company is first formed, if it is bought or sold (e.g. when buying a shelf company), on changes of control by shareholders, or to bring in new experience to a growing business.
