Directors And Their Powers Maximum Number Of Directors Maximum Number Of Directorship Composition Of Board Resignation Of Director Vacancy Of Office For Not Attending Board Meetings Disclosures In Board’s Report Special Resolution

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Directors And Their Powers Maximum Number Of Directors Maximum Number Of Directorship Composition Of Board Resignation Of Director Vacancy Of Office For Not Attending Board Meetings Disclosures In …

Directors And Their Powers Maximum Number Of Directors Maximum Number Of Directorship Composition Of Board Resignation Of Director Vacancy Of Office For Not Attending Board Meetings Disclosures In Board’s Report Special Resolution
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  • 1. Directors and Their Powers in Accordance with The Companies Act, 2013 Follow Us http://www.techcorplegal.com Email us: info@techcorplegal.com
  • 2. Main Changes in Company’s Directors and Their Powers http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 3. Major Changes ● Maximum Number of Directors ● Maximum number of Directorship ● Composition of Board ● Resignation of Director ● Vacancy of Office for Not Attending Board Meetings ● Disclosures in Board’s Report http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 4. Maximum Number Of Directors The Companies Act, 1956 The Companies Bill, 2013 Maximum Number of Directors - 12 Maximum Number of Directors - 15 Number of Directors can be increased by passing a Special Resolution Follow Us http://www.techcorplegal.com Email us: info@techcorplegal.com
  • 5. Maximum Number Of Directorship The Companies Act, 1956 The Companies Bill, 2013 Maximum Maximum number of number Directorship - 15; of Directorship - 20 ● Out of which not more than 10 can be Public Companies. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 6. Maximum Number Of Directorship The Companies Act, 1956 The Companies Bill, 2013 Excluding ● Includes Alternate Directorship also. ● Private Companies, ● Unlimited Companies, ● No specific exclusions provided ● Alternate Directorship and ● Directorship Associations http://www.techcorplegal.com Email us: info@techcorplegal.com in Non-Profit Follow Us
  • 7. Composition Of Board The Companies Act, 1956 ● Private Companies - Minimum 2 The Companies Bill, 2013 ● Prescribed class of companies are Directors ● required to appoint at least 1 Woman Public Companies - Minimum 3 Director :) Directors ● Maximum 12 Directors http://www.techcorplegal.com Email us: info@techcorplegal.com ● At least 1 director should be a person who has stayed in India for a period not Less Than 182 days in previous year. Follow Us
  • 8. Composition Of Board The Companies Bill, 2013 ● Listed Companies to have at least One Third Independent Directors ● Existing companies to get a Transition Period of 1 Year to comply Follow Us http://www.techcorplegal.com Email us: info@techcorplegal.com
  • 9. Resignation Of Director The Companies Act, 1956 The Companies Bill, 2013 No specific provisions except A copy of resignation letter and that any change in directors to detailed reasons for resignation has be filed with ROC Within 30 to be send to the Registrar Within 30 Days Days of resignation by the Director Himself http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 10. Vacancy of Office for Not Attending Board Meetings The Companies Act, 1956 The Companies Bill, 2013 The office of a director is considered The office of a director is considered vacant if he is absent from Three vacant if he is absent from all the Consecutive Meetings of the Board of meetings of the Board of Directors held directors, or from all meetings of the during a period of Twelve Months with Board, for a continuous period of Three or without seeking leave of absence of Months, whichever is Longer, without the Board. obtaining leave of absence from the Board http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 11. Disclosures In Board’s Report The Companies Act, 1956 Disclosure requirements of The Companies Bill, 2013 Board’s report are explained under Section 217 Some Additional Disclosures proposed by the bill: ● Extract of Annual Return ● Number of board Indian Legal Updates meetings ● ● Particulars of loans ● Guarantees ● http://www.techcorplegal.com Email us: info@techcorplegal.com CSR initiatives and policy Investments etc. Follow Us
  • 12. WHO ARE WE ? Company & Corporate Consultancy Firm Our expertise lies in services involving Company Registration in India, FEMA Matters, Advice on Joint Ventures, LLP Registration, Import Export Code, International Taxation, Management Consultancy and Company due diligence Services etc. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 13. WHO ARE WE ? Company & Corporate Consultancy Firm Multi-discipline, Full Service International Corporate Law Firms based in New Delhi and Having Association with Foreign Law Firms We are Reliable, Knowledgeable and Hands-on. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
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  • 16. Client Testimonials Kapil Agarwal Machiavelli Singh Assistant Professor with Amity University Haryana- Rahul Owner, Swan Publications Advocate Rahul Dev is a knowledgeable Dev is a stalwart Indian patent attorney, who dared to interpret the Indian Patent lawyer and very helpful. He had gone through my documents twice to provide me an advice, To read more Click Here. "Novartis-Glivec-2013" landmark case on NEWS channel in the media with the iron fist, Click Here. Pawan Tayla Head Finance India - Fidelity Worldwide Investment & Art of Living Teacher SUMIT ARORA Deputy Manager - Intellectual Property Rights LG Soft India Rahul is a very diligent and hard working Rahul is a very focused and energetic business professional partner for any client, his ability to articulate and communication skills and domain knowledge in excelling in his field. To read more Click Here. provide quick meaning solutions commendable. To read more Click Here. http://www.techcorplegal.com Email us: info@techcorplegal.com is who is adept at utilizing Follow Us his
  • 17. Thank you Have Any Questions? Get in touch with your Corporate Expert Council !! info(at)techcorplegal(dot)com Follow Us http://www.techcorplegal.com Email us: info@techcorplegal.com