MANAGEMENT OF PRODUCER COMPANY 581-O. Number of directors. Every company producer shall have atleast five and not more than fifteen directors Provided an inter state corporative society case incorporated as a Producer Company, such company may have more than fifteen directors for a one year period from the incorporation date as a Producer Company. 581P. …
MISCELLANEOUS AND COMPANY UNDER THE ACT.
MISCELLANEOUS AND COMPANY UNDER THE ACT: Miscellaneous and company under the act Section 447: Punishment for fraud: Without any liability prejudice including any repayment of debt under this company Act or any other for the time that was in force, any person who is fraud or guilty shall be punishable for a term with imprisonment. …
Powers of the company law board
This section deals with the powers of the CLB to hear appeals against refusal to register transfers and transmissions in a private limited company. Time to make the appeal within two or four months The aggrieved person in the above case may appeal to the CLB for the time being (till national company law) tribunal …
Remuneration to non executive directors
Non -Executive Directors are those on the board of a company and he/she also an managing director and whole-time director or a director employed in his professional capacity. These non-executive directors normally receive sitting fees for every meeting of the board and committee attended by them. Provision in the articles of association The article shall …