A person can be a director if he/she is 18 years of age or above. However, a person can not be appointed if he/she is insolvent or is incompetent. Moreover, a director must be above 16 years of age to be eligible to hold a director position. Besides, a person must be over the legal age to become a company’s director.
A shareholder meeting is a crucial step in the appointment process. The board will need to approve the appointment of the director. During the meeting, the nominated person will need to sign a formal agreement to become a director. The board will then present the details of the ordinary resolution to the shareholders. Once the directors have approved the resolution, the company must give the nominee a copy of the association articles. Once the nominated person signs the document, they will be required to serve as a member of the board for three years. The person proposing to become a director must obtain a director identification number or DIN. If he is not a resident of India, he can apply for an DIN. In addition, he/she must have a digital signature certificate. In addition, a consent letter from the proposed candidate must be submitted to the board. A resident of India can also apply for a DIN. The process of appointment is more complicated than one might imagine.
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FSSAI means Food Safety and Standards Authority of India (FSSAI).Obtaining an FSSAI license is mandatory before starting any food business operation in India. All the traders, manufacturers, restaurants who are involved in the food business must obtain a 14-digit license number which is printed on their food products.
It is for the business whose turnover does not exceed the limit of Rs. 12 lac per annum. People who come under this category are almost the petty retailer, itinerant vendors, hawkers, or temporary stallholders.
It is Applicable for the food Business with annual turnover between Rs. 12 Lac – Rs. 20 Crore additionally or per annum.
It is applicable for the food business whose annual turnover is above Rs. 20 Crore in Case of trading or manufacturing or storage beyond certain limited as specified by the laws.
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