After reading this article you will learn about:- 1. Definition of Directors 2. Number of Directors 3. Legal Position/Status 4. Restriction on Appointment 5. Qualification 6. Disqualification 7. Restriction of Number of Directorship 8. Vacation of Office 9. Resignation. Definition of Directors: The directors are the persons elected by the shareholders to direct, conduct, manage or supervise the affairs of [...]
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 [...]
This article will help you to learn about the difference between managing director and whole-time directors of a company. Difference between Managing Director and Whole-Time Director Managing Director Difference - 1. Power: A managing director is director who is entrusted with substantial powers of the management. Difference - 2. Prohibition: Section 197 A of the Act prohibits a company from [...]