Tag Archives: directors

APPOINTMENT AND QUALIFICATIONS OF DIRECTORS

By | May 9, 2016

Section – 149, Companies Act, 2013 (Enforced with effect from 1-4-2014) CHAPTER XI APPOINTMENT AND QUALIFICATIONS OF DIRECTORS Company to have Board of Directors . 149.1(1) Every company shall have a Board of Directors consisting of individuals as directors and shall have— (a) a minimum number of three directors in the case of a public company,… Read More »

Directors can not be appointed if age above 70 years

By | February 12, 2016

Facts of the case On 1st April 2014, Companies Act was amended and by the Amendment Act of 2013, a new clause was introduced in Section 196(3)(a). By virtue of the said amendment vide sub-clause (3)(a), additional disqualification was added to the disqualifications which already existed in the said provision namely a Managing Director could… Read More »

Independent directors shall be included in the total number of directors ?

By | October 10, 2015

 Whether independent directors shall be included in the total number of directors for the purpose of sub-section (6) and (7) of section 152 of the Companies Act, 2013? Section 152(6) of the Companies Act, 2013 provides that unless the Articles of Association provide for retirement by rotation of all directors at every annual general meeting,… Read More »