Directors are backbone

1. DIRECTORS OF
COMPANIES
A PRESENTATION ON:-
B.Com. (Management) semester 6 section A
SUBMITTED TO:- SALONI SURNAME
NAME R. NO.
AVNI AGRWAL 220012
INSHA KHAN 220021
JAY SINGH 220023
LUCKY CHOUHAN 220026
MAHIMA MISHRA 220027
YASH AHUJA 220052

2. Introduction to Directors
CURRENT SPEAKER – JAY SINGH

3. Introduction to Directors
An artificial person
Needs management to
Follow orders of owners
Needs humans for day
To day tasks
Characteristics of a company

4. Introduction to Directors
Provisions to appoint directors
ONLY AN
INDIVIDUAL
CAN BE
APPOINTED
LOWER AND
UPPER LIMIT OF
THE NUMBER OF
DIRECTORS IS
TO BE FOLOWED
ATLEAST ONE
WOMEN
DIRECTOR
ATLEAST ONE
DIRECTOR MUST
BE RESEDENT OF
INDIA ATLEAST 1/3rd
OF THE
DIRECTORS
MUST BE
INDEPENDENT
A SINGLE
PERSON CAN BE
A DIRECTOR OF
LIMITED
COMPANIES

5. YASH PART

6. POWERS OF DIRECTORS
CURRENT SPEAKER – AVNI AGRAWAL

7. POWERS OF DIRECTORS
GENERAL POWERS
SPECIFIC POWER
POWER
Board of
directors
Shareholders
interventions

8. POWERS OF DIRECTORS
GENERAL POWERS
Board of
directors
Shareholders
interventions

9. Board of directors
To manage
To appoint
To declare dividends
To start legal
proceedings
To issue securities
P
O
W
E
R

10. GENERAL POWER
The board of directors of a company enjoy all such powers
as enjoyed by the company itself. This means that powers
of the board of directors are co-extensive with those of
the company.
POWERS OF DIRECTORS

11. POWERS OF DIRECTORS
GENERAL POWER
Board of
directors
Shareholders
Interventions

12. Shareholders Interventions
CONFLICT BETWEEN PERSONAL INTEREST AND
DUTIES TOWARDS COMPANY
INCOMPETANT DIRECTORS
WHEN DIRECTORS ARE AT A EVEN
DISAGREEMENT

13. POWERS OF DIRECTORS
GENERAL POWERS
SPECIFIC POWERS
POWER
Board of
directors
Shareholders
interventions

14. POWERS OF DIRECTORS
SPECIFIC POWERS
POWER TO-
 Make calls on shareholders
 Authorise buy-back of shares
 Issue securities in or outside india
 Borrow money
 Invest funds of company
 Grant loans
 Approve financial statements
 Diversify business of the company
 Approve amalgamation, merger or
reconstruction
 Acquire another company

15. DUTIES OF DIRECTORS
CURRENT SPEAKER – LUCKY CHAUHAN

16. DUTIES OF DIRECTORS
02
GENRAL
DUTIES
01
STATUTORY
DUTIES
Directors need to be
aware that they are
personally subject to
statutory duties in
their capacity as
directors of a
company.
Directors need to be
aware that they are
personally subject to
general duties in their
capacity as directors
of a company.

17. 01
STATUTORY
DUTIES
PREPARE
STATUTORY
REPORT EXERCISE
INDEPENDENT
JUDGEMENT
FIDUCIARY
DUTIES
ACT
WITHIN
AUTHORITY

18. 02
GENRAL
DUTIES
01
STATUTORY
DUTIES
Directors need to be
aware that they are
personally subject to
statutory duties in
their capacity as
directors of a
company.
Directors need to be
aware that they are
personally subject to
general duties in their
capacity as directors
of a company.
DUTIES OF DIRECTORS

19. 02
GENERAL
DUTIES
MAINTAIN
CONFIDENTIALITY
ACT IN GOOD
FAITH
TO BE
LOYAL
PROMOTE
SUCCESS
OF FIRM

20. REMUNERATION OF DIRECTORS
CURRENT SPEAKER – MAHIMA MISHRA

21. MEANING
As per section 2(78) of the Companies Act
2013 remuneration define as any money or its
equivalent given or pass to any person for
services rended by him and includesides as
define under Income Tax Act 1961.
REMUNERATION OF DIRECTORS

22. REMUNERATION OF DIRECTORS

23. REMUNERATION OF DIRECTORS
Disclosure requirements
the act require companies to disclose the detail of the
remuneration paid to the directions in their annual
report.
Remuneration to non executive directors
It should be in the form of fees for attending
meetings of the Board.
Remuneration to Executive directors
it includes salary, purchase and commissions
Remuneration committee
It determine the remuneration payable to
the directors.
Approval of shareholders
the act must be approved by shareholders in
General Meeting.

24. company shouldn’t show that they comply what the
provision of Companies Act 2013 while determining
the remuneration payable to the directors.
companies should also ensure that they disclose the
details of the remuneration paid to directors in the
Annual meeting to in short transparency and
accountability.
REMUNERATION OF DIRECTORS

25. INSHA PART

26. CONCLUSION