Complied AIComplied AIBack to law libraryReading nowCompanies Act, 201330 chapters · 517 sections
Chapters30
    • ¶Chapter 11 overview
    • 149Company to have Board of Directors
    • 150Manner of selection of independent directors and maintenance of databank of independent directors
    • 151Appointment of director elected by small shareholders
    • 152Appointment of directors
    • 153Application for allotment of Director Identification Number
    • 154Allotment of Director Identification Number
    • 155Prohibition to obtain more than one Director Identification Number
    • 156Director to intimate Director Identification Number
    • 157Company to inform Director Identification Number to Registrar
    • 158Obligation to indicate Director Identification Number
    • 159Punishment for contravention
    • 160Right of persons other than retiring directors to stand for directorship
    • 161Appointment of additional director, alternate director and nominee director
    • 162Appointment of directors to be voted individually
    • 163Option to adopt principle of proportional representation for appointment of directors
    • 164Disqualifications for appointment of director
    • 165Number of directorships
    • 166Duties of directors
    • 167Vacation of office of director
    • 168Resignation of director
    • 169Removal of directors
    • 170Register of directors and key managerial personnel and their shareholding
    • 171Members’ right to inspect
    • 172Punishment
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  3. Chapter 11

Chapter 11

Appointment and Qualifications of Directors

24 sections (149–172)

  • 149Company to have Board of Directors
  • 150Manner of selection of independent directors and maintenance of databank of independent directors
  • 151Appointment of director elected by small shareholders
  • 152Appointment of directors
  • 153Application for allotment of Director Identification Number
  • 154Allotment of Director Identification Number
  • 155Prohibition to obtain more than one Director Identification Number
  • 156Director to intimate Director Identification Number
  • 157Company to inform Director Identification Number to Registrar
  • 158Obligation to indicate Director Identification Number
  • 159Punishment for contravention
  • 160Right of persons other than retiring directors to stand for directorship
  • 161Appointment of additional director, alternate director and nominee director
  • 162Appointment of directors to be voted individually
  • 163Option to adopt principle of proportional representation for appointment of directors
  • 164Disqualifications for appointment of director
  • 165Number of directorships
  • 166Duties of directors
  • 167Vacation of office of director
  • 168Resignation of director
  • 169Removal of directors
  • 170Register of directors and key managerial personnel and their shareholding
  • 171Members’ right to inspect
  • 172Punishment
Chapter 10Audit and AuditorsChapter 12Meetings of Board and Its Powers