Monday, May 16

Tag: director classification

Types of Company Directors in India
Corporate

Types of Company Directors in India

The Companies Act 2013, defines Directors to be a part of the collective body, called to be as the Board of Directors. Directors are the trustees, guarding the property and money and acting as agents, for any transactions conducted on or behalf of the company. Directors as per the Companies Act are expected to perform the duties and obligations by being rationally diligent. For every action they take, their skills, experience, knowledge are trusted upon. Be it determining the objectives and policies or monitoring the same towards the achievement of goals, such appointed members on the board are liable for better management. Maximum and Minimum Directors Every company is required by law to have several directors to a maximum of 15. They are appointed by passing the Special Resolut...