According to Companies Act, 2013, a Private Limited Company needs to have minimum two directors while Public Limited Company needs to have minimum three directors. A new director shall be appointed by the shareholders of the Company. However, additional, alternate and casual directors can be appointed by the Board of Directors of the Company. The person appointed must be eligible as per the relevant clauses in the Articles of Association and must give his consent to be a director in written form which the company must register with itself.
Executive Director or whole-time Director is someone in full-time employment of the company.
A Director of a Company must be above the age of 21 and must have a Director Identification Number. The person can be an Indian National or a Foreign National. The Director of a Company has to be a natural persona and should not have any disqualification specified under Companies Act, 2013.
Every listed company shall appoint at least one woman director within one year from the commencement of the second proviso to Section 149(1) of the Act.
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