What is the requirement of directors under Companies Law?
The Companies Act, 2013 provides for the following categories of the directors:
a. Executive director (including managing director or whole time director)
b. Non-executive director and
c. Independent director
d. Women Director The Companies Act, 2013 also provides the list of officers who may be held liable (with fine or imprisonment or both) in case the company has contravened the provisions of the said Act.
Get free answers from verified legal experts or opt for a paid expert opinion for more detailed guidance.
Download our comprehensive guides to help you understand the business landscape in India and make informed decisions.