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B Law 15-11-10
B Law 15-11-10
B Law 15-11-10
Resolution
3 types
Report:
Management of a Company:
Director:
He must be a major, sound mind, must not be disqualified by any other law.
Min Max
Private 2 Unlimited
Public 3 12
In private company all the directors can be elected in one ordinary resolution.
Appointment of directors:
Casual Director
Alternative director
First director of the company can be appointed by min subscription & by AOA till the first meeting.
Of all the BOD, 1/3rd are called non rotational director and the remaining are called rotational
directors.
Salary of the director 11% of the net profit if that financial year. In case of more profits or others the
salary is 75000 – 150000.
Sitting fees Rs.5000 per meeting excluding travelling and other expenses.