Add a director
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ITR-1 @ Rs. 699/-
- Salary Income
- Rent Income From One Property
- Interest Income etc.
This pricing plan includes free consultation
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ITR-2 @ Rs. 1099/-
- Salary Income
- Rent Income From Properties
- Capital Gains or Losses
This pricing plan includes free consultation
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ITR-3 @ Rs. 1999/-
- All Income Covered in ITR-2
- Income From Business or Profession
- Interest Income etc.
- Income or Loss From Intraday Share Trading
- Income or Loss From Derivatives (F&O)
- Director/Patner in a Company/LLP
This pricing plan includes free consultation
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ITR-4 @ Rs. 1499/-
- Salary Income
- Rent Income From Propeties
- Professional Receipts up to Rs. 50 Lacs
- Businesses Covered under Presumptive Taxation
This pricing plan includes free consultation
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Know More
Add a Director
An Overview
A director is an individual appointed with FISCALNOW to oversee and manage the affairs of a company. Directors play a crucial role in the decision-making process, governance, and strategic direction of the company. They are responsible for ensuring compliance with legal and regulatory requirements, safeguarding the interests of shareholders, and promoting the long-term success of the company. Directors have fiduciary duties, including acting in good faith, exercising due diligence, and acting in the best interests of the company. They may also have specific responsibilities based on their expertise or designated roles within the company. Directors contribute their knowledge, skills, and experience to guide the company towards achieving its objectives and maximizing shareholder value
Is It Mandatory?
Yes, having at least one director is mandatory for the formation and operation of a company. The Companies Act in most jurisdictions requires companies to have a board of directors to manage and govern the company’s affairs. The number of directors may vary based on the legal requirements and the specific business structure. The directors are legally responsible for the company’s actions and are accountable for ensuring compliance with laws and regulations. Therefore, appointing directors is a fundamental requirement for the establishment and ongoing operations of a company.
Information / Documents Required
To appoint a director in a company, the following information and documents are typically required:
Personal Information: The director’s full name, date of birth, residential address, nationality, and contact details.
Identification Proof: Valid identification documents such as a passport, driver’s license, or Aadhaar card.
Address Proof: Documents that serve as proof of the director’s residential address, such as a utility bill, bank statement, or rental agreement.
Director Identification Number (DIN): Obtain a DIN for each director. This unique identification number is mandatory for a person to be appointed as a director in a company.
Consent to Act as Director: The director should provide a written consent or declaration accepting the appointment as a director in the company.
Educational Qualifications: Details of the director’s educational qualifications, including degrees, diplomas, or certifications earned.
Professional Experience: Information about the director’s professional experience, including current and past employment, designations held, and any relevant achievements or accolades.
Shareholding Information: If the director holds shares in the company, provide details of the shares held, including the number of shares and their value.
Director’s Resignation or Disqualification (if applicable): If the director has resigned or been disqualified from any previous directorship, relevant documentation should be provided.
Non-Disclosure Agreement (NDA): In some cases, companies may require directors to sign a non-disclosure agreement to protect sensitive company information.
Benefits
Directors bring their unique skills, knowledge, and experience to the company, providing valuable insights and guidance in strategic decision-making and operational matters.
Directors play a crucial role in ensuring good corporate governance practices within the company, promoting transparency, accountability, and ethical conduct.
Directors are responsible for ensuring compliance with applicable laws, regulations, and corporate governance standards, helping the company avoid legal issues and penalties.
Directors contribute to the formulation of the company’s strategic goals and objectives, helping to shape its long-term vision and direction.
Directors assist in identifying and managing risks faced by the company, implementing appropriate risk management strategies, and safeguarding the interests of stakeholders.
Directors serve as representatives of the company and help build and maintain positive relationships with various stakeholders, such as shareholders, employees, customers, suppliers, and regulatory authorities
Directors participate in board meetings and decision-making processes, bringing diverse perspectives and contributing to informed and effective decision-making for the benefit of the company.
Having reputable and experienced directors on board can enhance the company’s credibility and reputation among investors, partners, and other stakeholders, opening doors to potential opportunities and collaborations.
Appointed directors instill confidence in potential investors by demonstrating the company’s commitment to good governance, professionalism, and effective leadership.
Directors are involved in succession planning, ensuring the continuity of leadership and management during periods of transition or changes in key positions
Inquiry
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