CA Final law charts


CA Final Charts
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Directors – Methods of Appointment

Methods of Appointment of Directors OR Types of Directors 1) First Directors [Section 152] The First Directors are the persons who assume the office of Director from the date of Incorporation itself.

Independent 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 independent directors [Any fraction to be rounded off to one]. 2. Appoi

Resident 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 calendar year. (Financial year, As per Companies Amendment Act, 2