Document background
The Shareholder Resolution For Appointment Of Director is a critical corporate governance document used in Indian companies when appointing new members to the board of directors. It is required under the Companies Act, 2013, and must be passed either at a general meeting or through circular resolution. This document is essential when a company needs to appoint new directors, whether due to expansion, replacement of retiring directors, or compliance with statutory requirements for board composition. The resolution includes crucial information such as the director's credentials, terms of appointment, and compliance declarations. For listed companies, additional requirements under SEBI regulations must be addressed. The document serves as legal evidence of proper corporate procedure and shareholder approval, requiring submission to the Registrar of Companies and, where applicable, to stock exchanges.
