Who is Director in a Company?
- Director is an individual who directs, manages, oversees or controls the affairs of the Company.
- He is a person appointed to the Board of a company to perform the duties and functions of a company in accordance with the provisions of The Company Act, 2013.
- Director of a company is a natural person elected by the shareholders as per the Memorandum of Association and Articles of Association of the company.
- The Board of Directors means a group of those individuals elected by the shareholders of a company to manage the affairs of the company.
Minimum number of director based on the type of the company:
Type of company |
No. of Director required |
One Person Company |
1 |
Private Limited Company |
2 |
Public Limited Company |
3 |