Usually, the promoters of the Company take care of the investment activities and decide the amount to be invested in the company after its incorporation.
If you are elected as a director of a company you are expected to act on behalf of the company and complete all the compliances and management of the business, directorship brings legal obligation for the director to act in a proper manner when undertaking company business and if it is found that the director was working in any unfit conduct he has to face disqualification and in some instances penalties as well.
Step 2: Applying for Director Identification Number (DIN) According to the Companies Act, 2013, no person can claim to be a director of the company without a Director Identification Number (DIN).
Transfer of assets is not considered as a transfer under Income tax under certain circumstances, such as if capital asset of the parent company is done to its Indian holding company.