As per the Act, an One Person Company, Private Limited Company, and Public Limited Company requires at least 1, 2, and 3 directors in-charge respectively. Apart from that, an organization can appoint a new director on numerous grounds:
• Bringing in new Talent and Proficiency
• Expanding business venture
• Death / Removal / Retirement of an existing director
• Requirement of woman director in the company (for companies with more than Rs.300 Crore annual turnover)
• Appointing a Nominee Director by the Central Govt. as per Section 161(3) of the Act (in case of mismanagement & oppression)
• Appointing an Independent Director following Section 149(6) of the Act

In the Removal of a Director (if not appointed by the Central Govt.) proceedings, the following individuals can take part: Shareholders holding not less than Rs. 5,00,000 capital in the Organization Shareholders holding not less than 1% voting power in the Board Meeting

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