Thus, Director is a man named or chosen by law, who manages, controls or coordinates the undertakings of an organization. Board of Directors refers to a group of individuals elected by the shareholders of a company to deal with the issues of company. MEANING OF DIRECTOR IN PRIVATE LIMITED COMPANYĭirectors refers to as someone designated to the Board of a Company. Be that as it may, a most extreme of fifteen directors is permitted in an organization according to the Companies Act, 2013 laid out by Ministry of Corporate Affairs. company requires at least two directors, two members, and two shareholders to enroll itself lawfully. In any case, they confront genuine penalties in the event of manhandling of those forces. As a Director, one needs wide powers to help in advancing the organization. Organization Director’s are in charge of the administration of their organizations and have duties to the organization’s representatives, its exchanging accomplices and the state. company, the Directors assume a critical part amid the incorporation procedure and post-joining process. Private companies are a standout amongst the most widely recognized business entity in India. In this article, Akriti Shikha pursuing Diploma in Entrepreneurship Administration and Business Laws from NUJS, Kolkata, discusses duties and responsibilities of a Director of a Private Limited Company.
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