Dec 26, 20184 min readDirectors – Methods of AppointmentMethods of Appointment of Directors OR Types of Directors 1) First Directors [Section 152] The First Directors are the persons who assume...
Dec 26, 20187 min readIndependent Director [section 149 r/w rule 5]1. Section 149(4) i.e., Independent Director: Every Listed company shall have at least 1/3rd of the total number of directors as...
Dec 26, 20181 min readResident Director [section 149(3)]a) Every company shall have at least one director who has stayed in India for a total period of not less than 182 days in the previous...
Dec 26, 20181 min readWomen Director [section 149 r/w rule 3]a) Specified IFSC Public Company need not appoint a Women Director b) The rules states that the following class of companies shall...
Dec 26, 20182 min readCeiling Limit on Number of Directorships [Section 165]:1. A person shall not hold office at the same time as director including any alternate directorship in more than 20 companies 2. A person...
Dec 26, 20183 min readDisqualification of directors [Section 164]Section 164(1): A person shall not be capable of being appointed as a director of a company, if: (a) He is of unsound mind and stands so...