22
Companies Act, 2013: Management of Company
Learning objectives
After reading this chapter, you will be able to understand:
- Directors and their position
- Qualification and disqualification for directors
- How directors are appointed
- Resignation and removal of directors
- Managing directors—manager
- Remuneration of directors
- Schedule V
22.1 DEFINITION OF DIRECTOR
Section 2(34) of the Companies Act, 2013, defines a ‘director’ as a person appointed to the board of a company. It means that the person cannot be considered as director unless he is appointed by any method (i.e., either by the board or by shareholders) to the board of company.
22.2 DISQUALIFICATION OF DIRECTOR—SECTION 164
Section 164(1) of the Companies Act, 2013, provides that ...
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