Appointment of Director in a company
Appointment of Director in a company Introduction A company director is an individual elected by the shareholders to manage the company's affairs in accordance with its Memorandum of Association (MOA) and Articles of Association (AOA). Since a company is a legal entity, it can only act through the representation of a natural person. Therefore, the Board of Directors, consisting of living individuals, is entrusted with the management of the company. Depending on the shareholders' needs, the appointment of directors may be necessary at various times throughout the life of the business. Who can be a Director of a Company in India? To become a director of a company in India, an individual must satisfy the criteria outlined in the Companies Act, 2013, and the Articles of Association of the particular company. The requirements of the Companies Act are uniform, whereas the provisions of the Articles of Association differ from one company to another. There are two types of directors th...