Professional Documents
Culture Documents
UNDER
COMPANIES ACT
2013
Submitted By:
Arpan Jain(2014A11)
Ashish Jindal(2014A12)
Binay Shah(2014A15)
Jatin Panchi(2014A25)
Index
Definition
Positions Held by Director
Changing State of Directors
Duties of Director
Power of Director
Appointment /Removal & Resignation
DEFINITION: DIRECTOR
DEFINITION
Managing Director/
Whole time
Director /Manager
CHANGING STATE OF
DIRECTORS
associate company.
(3) who is not related to promoters or directors in the company, its holding,
subsidiary or associate company.
(4) who has or had no pecuniary relationship with the company, its holding,
subsidiary or associate company, or their promoters, or directors, during the two
immediately preceding financial years or during the current financial year.
25.
DUTIES OF DIRECTORS
DUTIES OF DIRECTORS
A director shall act in accordance with the articles of the
company
A director shall exercise his duties with due and reasonable care,
skill and diligence and shall exercise independent judgment
DUTIES OF DIRECTORS
A director shall not involve in a situation in which he may have a
direct or indirect interest that conflicts, or possibly may conflict,
with the interest of the company
MISREPRESENTATION IN PROSPECTUS
APPOINTMENT &
VACATION OF DIRECTORS
APPOINTMENT OF MD/WTD
Appointment of Managing Director, Whole Time Director
or Manager to now be approved by special resolution in a
General Meeting compared to the earlier provision
requiring Ordinary Resolution
If appointment is not in accordance with Schedule V of the
Act, then approval of Central Government is also required.
35.
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