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  • How to make the change of director of a company in Rwanda?
  • Step 1: Determine the type of company
  • Step 2: Determine the number of directors
  • Step 3: Determine the required qualifications
  • Step 4: Determine the nomination process
  • Step 5: Submit the required documents
  • Step 6: Publish the notice of appointment
  • Step 7: Inform shareholders
  • Step 8: Register the new director in the RCS
  • Conclusion

How to make the change of director of a company in Rwanda?

Rwanda is a country that is experiencing rapid economic growth and is becoming a destination of choice for investors. Fitting a new director for a company in Rwanda can be a complex and delicate process. In this article, we are going to look at the steps to follow in order to change the director of a company in Rwanda.

Step 1: Determine the type of company

Before proceeding with the appointment of a new director, it is important to determine the type of company. In Rwanda, there are different types of companies, including limited liability companies (SARL), public limited companies (SA) and companies limited by shares (SARL-A). Each type of company has its own rules and procedures for appointing a new director.

Step 2: Determine the number of directors

Once the type of corporation has been determined, it is important to determine the number of directors needed. SARLs and SARL-As can have up to five directors, while SAs can have up to seven directors. It is important to note that the number of directors can be increased or reduced depending on the needs of the company.

Step 3: Determine the required qualifications

Once the number of directors has been determined, it is important to determine the qualifications required for the position. The qualifications required for a director position may vary depending on the type of company and the needs of the company. Qualifications can include specific training, work experience and specific skills.

Step 4: Determine the nomination process

Once the required qualifications have been determined, it is important to determine the appointment process. The appointment process may vary depending on the type of company and the needs of the company. In some cases, the process may involve selection by the board of directors or by shareholders. In other cases, the process may involve a selection by the president or the general manager.

Step 5: Submit the required documents

Once the nomination process has been determined, it is important to file the required documents with the competent authorities. The documents required may include a letter of appointment, a declaration of honor, a copy of diplomas and certificates and a copy of the candidate's identity documents. These documents must be filed with the Trade and Companies Register (RCS).

Step 6: Publish the notice of appointment

Once the required documents have been filed with the RCS, it is important to publish a notice of appointment in a local newspaper. The notice must include the candidate's name, date of appointment and position. The notice must also include a copy of the documents filed with the RCS.

Step 7: Inform shareholders

Once the notice of appointment has been published, it is important to inform the shareholders of the appointment of the new director. Shareholders must be informed in writing and invited to attend a general meeting to discuss and approve the appointment.

Step 8: Register the new director in the RCS

Once the general meeting is over and the appointment is approved, it is important to register the new director with the RCS. To do this, it is necessary to complete a specific form and submit it to the RCS with the required documents. Once the form has been submitted and accepted, the new director will be registered with the RCS and can begin to perform their duties.

Conclusion

Changing the director of a company in Rwanda can be a complex and delicate process. It is important to follow the steps outlined above to ensure that the process goes smoothly and that the new director is registered with the RCS. By following these steps, you will be able to proceed with the appointment of a new director for your company in Rwanda safely and legally.