Section 153 of Companies Act, 2013 – Application for allotment of Director Identification Number
SECTION 153. APPLICATION FOR ALLOTMENT OF DIRECTOR IDENTIFICATION NUMBER [Effective from 1st April, 2014] Every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number to the Central Government in such form and manner and along with such fees as may be prescribed. [Provided that… Read More
Section 152 of Companies Act, 2013 – Appointment of directors
SECTION 152. APPOINTMENT OF DIRECTORS [Effective from 1st April, 2014] (1) Where no provision is made in the articles of a company for the appointment of the first director, the subscribers to the memorandum who are individuals shall be deemed to be the first directors of the company until the directors are duly appointed and… Read More
Section 151 of Companies Act, 2013 – Appointment of director elected by small shareholders
SECTION 151. APPOINTMENT OF DIRECTOR ELECTED BY SMALL SHAREHOLDERS [Effective from 1st April, 2014] A listed company may have one director elected by such small shareholders in such manner and with such terms and conditions as may be prescribed. Explanation.—For the purposes of this section "small shareholders” means a shareholder holding shares of nominal value… Read More
Section 150 of Companies Act, 2013 – Manner of selection of independent directors and maintenance of data bank of independent directors
SECTION 150. MANNER OF SELECTION OF INDEPENDENT DIRECTORS AND MAINTENANCE OF DATABANK OF INDEPENDENT DIRECTORS [Effective from 1st April, 2014] EXEMPTIONS Section 150 shall not apply to a Section 8 Company, vide Notification No. 466(E) dated 5th June, 2015. The above mentioned exception shall be applicable to a Section 8 company which has not committed… Read More
Section 149 of Companies Act, 2013 – Company to have Board of Directors
SECTION 149. COMPANY TO HAVE BOARD OF DIRECTORS [Effective from 1st April, 2014] (1) Every company shall have a Board of Directors consisting of individuals as directors and shall have— (a) a minimum number of three directors in the case of a public company, two directors in the case of a private company, and one… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
