Directors in the company may be appointed in the following ways: 1. By Signatures to the Memorandum 2. By Company in the General Meeting 3. By Board of Directors 4. By Third Parties 5. By Proportional Representation 6. By the Central Government. Way # 1. Appointment of Directors by Signatures to the Memorandum: (Sec. 254 and Clause 64 of Table [...]
After reading this article you will learn about the managing director and manager of a company. Managing Director: Section 2 (26) of the Companies Act defines a managing director as, "a director who, by virtue of an agreement with the company, or of a resolution passed by the company in general meeting, or by its board of directors, or by [...]
A director of a company may be removed in the following ways: 1. Removal by Shareholders 2. Removal by Central Government 3. Removal by Court. 1. Removal by Shareholders (Sec. 284): The shareholders may remove the director before the expiry of term of his office for negligence and fraud. But for that, a special notice must be given to the [...]