Add Director
A Company Director is an individual elected by shareholders to oversee company operations in line with the MOA and AOA. Given that a company operates through human agency, directors serve as the vital link, managing the company's affairs collectively as a Board. Depending on shareholder needs, appointments to the Board may be necessary at various intervals.
In the Companies Act of 2013, a "Director" is defined as an individual appointed to a company's Board. This Board, elected by the company's shareholders, is responsible for overseeing the company's operations. Given that a company is a legal entity, it can only function through the actions of individuals. Thus, Directors represent the primary agents through whom the company operates. The Board of Directors is the governing body entrusted with managing a company's operations.
In broader terms, a Director is an individual who oversees, manages, or guides a particular entity. They are elected by shareholders to steer a company's direction, acting under legal mandates to lead and manage the organization's activities.
- Managing Director:
A Managing Director holds their position based on the company's Articles of Association, an agreement, or a resolution passed either in a general meeting or by the Board of Directors. The Board of Directors carries significant authority over the company's management affairs. - Full-time Director or Executive Director:
An Executive Director or Full-time Director is an individual employed on a full-time basis by the company. - Regular Director:
A Regular Director is a board member who attends company Board meetings and engages in discussions and decisions presented to the Board of Directors. They do not hold full-time or managerial roles within the company.
- Private Limited Company: Requires a minimum of two directors.
- Limited Company: Necessitates at least three directors.
- One Person Company: Mandates a minimum of one director.
