A director may be defined as an individual who directs, controls or manages the affairs of the Company.A director is a person who is appointed to perform the duties and functions of a company in accordance with the provisions of The Company Act, 2013. They are comparatively known as Board of Directors.
They play a very important role in managing the business and other affairs of Company. Appointment of Directors is very crucial for the growth and management of Company.Every Company shall have a Board of Directors consisting Individual as director.
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Appointment of Director to the Company
As per Companies Act 2013, Directors shall be appointed by the company in general meeting. In the case of a public company or a private company which is a subsidiary of a public company, unless the Articles provide for the retirement of all directors at an annual general meeting, at last two-thirds of the total number of directors shall be liable to retire by rotation and shall be appointed by the company in general meeting.
This means one-third of the total number of directors can be permanent directors. The remaining directors in the case of any such company and all the directors in the case of private company not being a subsidiary of the public company may be appointed as provided in the Articles. In the absence of any regulation in the Articles of the company, these directors shall be appointed by the company in general meeting.
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