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 …
It was explained already that the central government, on its own or on the recommendation of the tribunal (for the time being the company law board till the tribunal is established). It shall appoint one or more inspectors to investigate the affairs of the company which may be in response to the report of the …
A solicitor was a director of a public limited company for which he was a solicitor. The solicitor was also interested in a private limited company of the same group which was appointed as the sole selling agent of the public limited company. It was held that the vote of the interested director in the …
Additional Director The appointment at a board meeting or by a resolution passed by circulation. The person appointed can act as director up to date of next annual general meeting but he can be formally appointed at that meeting as per the provisions. Alternate director The board nay appoint an alternate director only if this …
