Directors in the company may be appointed in the following ways: 1. By Signatures to the Memorandum 2. By Company in the General Meeting 3. By Board of Directors 4. By Third Parties 5. By Proportional Representation 6. By the Central Government. Way # 1. Appointment of Directors by Signatures to the Memorandum: (Sec. 254 and Clause 64 of Table [...]
After reading this article you will learn about the managing director and manager of a company. Managing Director: Section 2 (26) of the Companies Act defines a managing director as, "a director who, by virtue of an agreement with the company, or of a resolution passed by the company in general meeting, or by its board of directors, or by [...]
The Companies Act recognises the following three types of resolutions: 1. Ordinary Resolution 2. Special Resolution 3. Resolutions Requiring Special Notice. Type # 1. Ordinary Resolution: An ordinary resolution is that which is passed by a simple majority at any general meeting of the shareholders. The resolution may be passed by a show of hands or by a poll. A [...]