Section - 165, Companies Act, 2013 Number of directorships. 165. (1) No person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time : Provided that the maximum number of public companies in which a person can be appointed as a director…...
Disqualifications for appointment of director. Section – 164, Companies Act, 2013
Section - 164, Companies Act, 2013 Disqualifications for appointment of director. 164. (1) A person shall not be eligible for appointment as a director of a company, if— (a) he is of unsound mind and stands so declared by a competent court; (b) he is an undischarged insolvent; (c) he has applied to be adjudicated as…...
Option to adopt principle of proportional representation for appointment of directors. Section – 163, Companies Act, 2013
Section - 163, Companies Act, 2013 Option to adopt principle of proportional representation for appointment of directors. 163. Notwithstanding anything contained in this Act, the articles of a company may provide for the appointment of not less than two-thirds of the total number of the directors of a company in accordance with the principle of proportional…...
Appointment of directors to be voted individually. Section – 162, Companies Act, 2013
Section - 162, Companies Act, 2013 Appointment of directors to be voted individually. 162. (1) At a general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single resolution shall not be moved unless a proposal to move such a motion has first been…...
Appointment of additional director, alternate director and nominee director. Section – 161, Companies Act, 2013
Section - 161, Companies Act, 2013 Appointment of additional director, alternate director and nominee director. 161. (1) The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at…...
Right of persons other than retiring directors to stand for directorship. Section – 160, Companies Act, 2013
Section - 160, Companies Act, 2013 Right of persons other than retiring directors to stand for directorship. 160.(1) A person who is not a retiring director in terms of section 152 shall, subject to the provisions of this Act, be eligible for appointment to the office of a director at any general meeting, if he,…...
Obligation to indicate Director Identification Number. Section – 158, Companies Act, 2013
Section - 158, Companies Act, 2013 Obligation to indicate Director Identification Number. 158. Every person or company, while furnishing any return, information or particulars as are required to be furnished under this Act, shall mention the Director Identification Number in such return, information or particulars in case such return, information or particulars relate to the director…...
Company to inform Director Identification Number to Registrar. Section – 157, Companies Act, 2013
Section - 157, Companies Act, 2013 Company to inform Director Identification Number to Registrar. 157. (1) Every company shall, within fifteen days of the receipt of intimation under section 156, furnish the Director Identification Number of all its directors to the Registrar or any other officer or authority as may be specified by the Central Government…...
Prohibition to obtain more than one Director Identification Number. Section – 155, Companies Act, 2013
Section - 155, Companies Act, 2013 Prohibition to obtain more than one Director Identification Number. 155. No individual, who has already been allotted a Director Identification Number under , shall apply for, obtain or possess another Director Identification Number. Section - 156, Companies Act, 2013 Director to intimate Director Identification Number. 156. Every existing director shall, within…...
Allotment of Director Identification Number. Section – 154, Companies Act, 2013, Section – 155, Companies Act, 2013
Section - 154, Companies Act, 2013 Allotment of Director Identification Number. 154. The Central Government shall, within one month from the receipt of the application under , allot a Director Identification Number to an applicant in such manner as may be prescribed. Section - 155, Companies Act, 2013 Prohibition to obtain more than one Director Identification Number.…...