Document background
The Nomination Acceptance Letter is a crucial corporate governance document required under Indian company law when appointing new directors to a company's board. This document is mandated by the Companies Act, 2013, and must be executed before or at the time of appointment of a director. The letter serves multiple purposes: it formally documents the nominee's consent to act as a director, confirms their eligibility under Section 164 of the Companies Act, declares compliance with directorship limits under Section 165, and includes various other statutory declarations. For listed companies, additional declarations regarding SEBI compliance are required. The Nomination Acceptance Letter forms part of the mandatory corporate records and must be filed with the Registrar of Companies along with Form DIR-2.
