ROLE OF DIRECTORS

UNDER
COMPANIES ACT 2013
Index
Definition
Positions Held ! Di"e#to"
C$%n&in& Role %nd St%te of Di"e#to"s
D'ties of Di"e#to"
Po(e" of Di"e#to"
A))oint*ent +Re*o,%l - Resi&n%tion
DEFINITION. DIRECTOR

/DIRECTOR0 *e%ns % di"e#to" %))ointed to t$e
1o%"d of % Co*)%n!2 23345
/BOARD OF DIRECTORS0 o" /BOARD06 in
"el%tion to % #o*)%n!6 *e%ns t$e #olle#ti,e od! of
t$e di"e#to"s of t$e Co*)%n!2 23153105

DEFINITION
POSITIONS HELD 17 DIRECTOR
Positions held by director

/MANAGING DIRECTOR0 8 Di"e#to" ! ,i"t'e of
A"ti#les+A&"ee*ent+S$%"e$olde"s9 Resol'tion
Ent"'sted (it$ t$e S'st%nti%l )o(e"s of M%n%&e*ent
of t$e Co*)%n!
In#l'des % di"e#to" o##')!in& t$e )osition of M%n%&in&
Di"e#to"6 ! ($%te,e" n%*e #%lled

/MANA:ER0 8 An indi,id'%l ($o6 s';e#t to t$e
s')e"intenden#e6 #ont"ol %nd di"e#tion of t$e 1o%"d of
Di"e#to"s

H%s t$e M%n%&e*ent of t$e ($ole6 o" s'st%nti%ll! t$e
($ole6 of t$e %ff%i"s of % Co*)%n!
In#l'des % di"e#to" o##')!in& t$e )osition of M%n%&e"6
! ($%te,e" n%*e #%lled

/OFFICER IN DEFAULT0 in#l'des % di"e#to" in t$e follo(in&
inst%n#es.
<$ole8ti*e di"e#to"
=e! M%n%&e"i%l Pe"sonnel 3=MP5
In #%se of no =MP s'#$ di"e#to" %s s)e#ified ! t$e
1o%"d %nd ($o $%s #onsented %s s'#$
If no Di"e#to" is so s)e#ified %ll t$e Di"e#to"s
Pe"son (it$ ($ose %d,i#e 1o%"d of Di"e#to"s is
%##'sto*ed to %#t6 ot$e" t$%n % )e"son ($o &i,es in %
)"ofession%l #%)%#it!

In "es)e#t of #ont"%,ention6 di"e#to" ($o is %(%"e of
s'#$ #ont"%,ention
1! ,i"t'e of "e#ei)t of )"o#eedin&s of t$e
1o%"d
P%"ti#i)%tion in s'#$ )"o#eedin& (it$o't
o;e#tion
1e#%'se of $is #onsent fo" t$e s%*e

/>e! *%n%&e"i%l )e"sonnel06 in "el%tion to % #o*)%n!6 *e%ns
?
t$e C$ief E@e#'ti,e Offi#e" o" t$e *%n%&in& di"e#to" o"
t$e *%n%&e"A
t$e #o*)%n! se#"et%"!A
t$e ($ole8ti*e di"e#to"A
t$e C$ief Fin%n#i%l Offi#e"A %nd
s'#$ ot$e" offi#e" %s *%! e )"es#"iedA

CHAN:IN: ROLE AND
STATE OF DIRECTORS
Changing Role and State of Directors

Change in law concerning Directors

Additional/ Alternate/ Nominee Director

Independent Director
Change in Law Concerning
Director
At le%st 1 (o*%n di"e#to" fo" )"es#"ied #l%ss o" #l%sses of
#o*)%nies
At le%st 1 di"e#to" s$%ll e % )e"son ($o $%s st%!ed in Indi%
fo" %tle%st 1B0 d%!s in t$e )"e,io's #%lend%" !e%"2

T$e *%@i*'* li*it of di"e#to"s in t$e Co*)%n! $%s een
in#"e%sed to 1C f"o* 122 1e!ond 1C6 t$e n'*e" #%n e
in#"e%sed ! S)e#i%l Resol'tion6 %))"o,%l of Cent"%l
:o,e"n*ent $%s een dis)ensed (it$2
Change in Law Concerning
Director
A )e"son #%nnot e#o*e di"e#to"s in *o"e t$%n 20
#o*)%nies inste%d of 1C2 O't of t$is 206 $e #%nnot e
di"e#to" of *o"e t$%n 10 )'li# #o*)%nies
Listed Co*)%nies *%! $%,e 1 di"e#to" ele#ted ! S*%ll
S$%"e$olde"
T$e %*o'nt to e de)osited %lon& (it$ noti#e of no*in%tion
of %n! )e"son to t$e offi#e of di"e#to" $%s een in#"e%sed
f"o* Rs C00 to Rs 100000 o" s'#$ $i&$e" %*o'nt %s *%! e
)"es#"ied
Alte"n%te di"e#to" #%n onl! e %))ointed in #%se di"e#to"
le%,es Indi% fo" )e"iod of not less t$%n 3 *ont$s
S';e#t to A"ti#les6 1o%"d #%n %))oint di"e#to" no*in%ted
! %n! instit'tion in )'"s'%n#e of %n! l%( o" %&"ee*ent
$%s een s)e#ified in t$e L%( S)e#ifi#%ll!
S';e#t to t$e %"ti#les6 t$e 1o%"d *%! %))oint %n!
)e"son6 ot$e" t$%n % )e"son ($o f%ils to &et %))ointed
%s % di"e#to" in % &ene"%l *eetin&6 %s %n %ddition%l
di"e#to"
T!)es of Di"e#to"s$i)
Alte"n%te+Addition%l+No*inee
Se)%"%te Definition of Inde)endent Di"e#to" 'nde"
Co*)%nies A#t
Listed P'li# Co*)%n! to $%,e %t le%st 1+3"d of t$e
tot%l n'*e" of di"e#to"s %s inde)endent di"e#to"s2
No2 of Inde)endent Di"e#to" fo" 'nlisted Co*)%n! %nd
its s'sidi%"ies (ill e )"es#"ied ! Cent"%l
:o,e"n*ent2
INDEPENDENT
DIRECTOR
INDEPENDENT DIRECTOR
Fo" %))oint*ent of Inde)endent Di"e#to"s 6 1o%"d
s$%ll &i,e % de#l%"%tion fo" s%tisf%#tion of
%))oint*ent #onditions %nd #"ite"i%2
Li*ited Li%ilit! of Inde)endent Di"e#to"s Li%ilit!
onl! fo" s'#$ A#ts of o*ission o" #o**ission ! %
#o*)%n! ($i#$ $%d o##'""ed (it$ $is >no(led&e6
%tt"i't%le t$"o'&$ 1o%"d )"o#esses6 %nd (it$ $is
#onsent o" #onni,%n#e o" ($e"e $e $%d not %#ted
dili&entl!
25
.
DUTIES OF DIRECTORS
A di"e#to" s$%ll %#t in %##o"d%n#e (it$ t$e %"ti#les of t$e
#o*)%n!
A di"e#to" s$%ll %#t in &ood f%it$ in o"de" to )"o*ote t$e o;e#ts
of t$e #o*)%n! fo" t$e enefit of its *e*e"s %s % ($ole6 %nd in
t$e est inte"est of t$e #o*)%n!6 its e*)lo!ees6 t$e s$%"e$olde"s6
t$e #o**'nit! %nd fo" t$e )"ote#tion of en,i"on*ent2
A di"e#to" s$%ll e@e"#ise $is d'ties (it$ d'e %nd "e%son%le #%"e6
s>ill %nd dili&en#e %nd s$%ll e@e"#ise inde)endent ;'d&*ent
DUTIES OF DIRECTORS
DUTIES OF DIRECTORS
A di"e#to" s$%ll not in,ol,e in % sit'%tion in ($i#$ $e *%! $%,e
% di"e#t o" indi"e#t inte"est t$%t #onfli#ts6 o" )ossil! *%!
#onfli#t6 (it$ t$e inte"est of t$e #o*)%n!
A di"e#to" s$%ll not %#$ie,e o" %tte*)t to %#$ie,e %n! 'nd'e
&%in o" %d,%nt%&e eit$e" to $i*self o" to $is "el%ti,es6 )%"tne"s6
o" %sso#i%tes
MISREPRESENTATION IN PROSPECTUS
APPOINTMENT -
DACATION OF
DIRECTORS
A))oint*ent of M%n%&in& Di"e#to"6 <$ole Ti*e Di"e#to"
o" M%n%&e" to no( e %))"o,ed ! s)e#i%l "esol'tion in %
:ene"%l Meetin& #o*)%"ed to t$e e%"lie" )"o,ision
"eE'i"in& O"din%"! Resol'tion
If %))oint*ent is not in %##o"d%n#e (it$ S#$ed'le D of t$e
A#t6 t$en %))"o,%l of Cent"%l :o,e"n*ent is %lso "eE'i"ed2
<$ole Ti*e Di"e#to" s$%ll not e %))ointed fo" % )e"iod of
*o"e t$%n C !e%"s
P"o,isions to %))l! to P"i,%te Co*)%nies %s (ell
APPOINTMENT OF MD+<TD
T$e %))oint*ent of Inde)endent Di"e#to" to e %))"o,ed
! t$e Co*)%n! in &ene"%l *eetin&
1o%"d *%! %))oint Addition%l6 Alte"n%te - No*inee
Di"e#to" %s t$e #%se *%! e
APPOINTMENT OF OTHER DIRECTORS
DISFUALIFICATION - DACATION
NE< DISFUALIFICATIONS OF DIRECTORS
Pe"son $%s een #on,i#ted fo" offen#e de%lin& (it$ Rel%ted
P%"t! T"%ns%#tion %n!ti*e d'"in& t$e )"e,io's C !e%"s
Pe"son $%s not ot%ined Di"e#to" Identifi#%tion N'*e"
Pe"son $%s een #on,i#ted fo" %n! offen#e %nd $%s een
senten#ed fo" %n i*)"ison*ent e@tendin& to G !e%"s o"
*o"e
DISFUALIFICATION - DACATION
DACATION OF OFFICE OF DIRECTOR
Di"e#to" to ,%#%te $is offi#e if $e f%ils to %ttend %ll 1o%"d
Meetin&s fo" % #onse#'ti,e )e"iod of 12 *ont$s %s o))osed to
)"e,io's )"o,ision )"es#"iin& % 3 *ont$ )e"iod2 T$is e,en
($en t$e le%,e of %sen#e $%s een &"%nted2
If %ll di"e#to"s $%,e ,%#%ted t$e offi#e6 t$e )"o*ote" s$%ll
%))oint *ini*'* n'*e" of *e*e"s
And if t$%t is not )ossile6 t$e Cent"%l :o,e"n*ent *%!
%))oint Di"e#to"s till t$e Co*)%n! *%>es %))oint*ent in %
:ene"%l Meetin&
35
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THAN= 7OU