Director Comparative Analysis Chart by Darshan Khare

Directors Charts

Directors Comparative Chart Names

First Director

Rotational & Non Rotational

New Director Small Share- hold- Additional er Director Director

152(1) 152(6) & (7) 160 All Companies Public Companies Public Companies 1. Named in 1. Min 2/3 Rota- 14 days notice at AOA. tional. registered office Provisions 2. Elect by w 2. 2. 1/3 of rota- with fees of Rs. 1 AOA tional will relac for appoint1. 3. Signatory tire. ment. of MOA Members Members Appointing Authori- AOA or MOA

Section Applicability

ty Meeting of Appointment Resolution of appointment Counted in Min / Max 149(1) Need to be ID U/S 149(6)? DIN U/S 152(3) & Declaration U/S 152(4) Filing DIR-2 Sec 152(5) Counted In total Number of Directors for 152(6) & (7) Comply process of DIN Sec 153-159 Disqualification u/s 164(1) Disqualification U/S 164(2) No. Of directorships U/S 165 Comply Duties of Director Sec 166 Vacation U/S 167 Removal U/S 169 Maintain Detail in Sec 170 Retirement or Tenure of Office Reappointment

151 Listed companies 14 days notice at registered office or appointment by company sue moto.

161(1) All Companies BOD can appoint if stated by AOA or by GM.

Small Shareholders

BOD

As per AOA

GM

GM

Class Meeting

BM

As per AOA

GM-OR

GM-OR

OR of SSH

BM-OR

Yes

Yes

Yes

Yes

Yes

No

No

Can be

Yes

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

NA

Yes

Yes

No

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

NA

Yes

Yes

No

Yes

Yes

Yes

Yes

Yes (max 2)

Yes

Yes

Yes

Yes

Yes

Yes

Yes Yes Yes

Yes Yes Yes

Yes Yes Yes

Yes Yes Yes

Yes Yes Yes

Max 3 years

Till Next AGM

No

Yes

Till 1st AGM Yes

Till Longest in office Till Longest in Office Yes Yes

© CA Darshan D. Khare

Dividend & Divisible Profit

Directors Comparative Chart Alternate Director Nominee Director 161(2) 161(3) Section All Companies All Companies Applicability 1. Director is absent When 3rd party for min 3 months wants to apProvisions from India. point director 2. appointed by BOD on company if AOA says so or appoint by by GM BOD-OR BOD BOD Appointing Authori-

Names

ty Meeting of Appointment Resolution of appointment Counted in Min / Max 149(1) Need to be ID U/S 149(6)? DIN U/S 152(3) & Declaration U/S 152(4) Filing DIR-2 Sec 152(5) Counted In total Number of Directors for 152(6) & (7) Comply process of DIN Sec 153-159 Disqualification u/s 164(1) Disqualification U/S 164(2) No. Of directorships U/S 165 Comply Duties of Director Sec 166 Vacation U/S 167 Removal U/S 169 Maintain Detail in Sec 170 Retirement or Tenure of Office Reappointment

1.2

Casual Vacancy Director (CVD) 161(4) Public Companies Appointed in place of casual vacancy caused by death, resignation, etc.

Proportional Repre- Nominee of sentation CG/Tribunal 163 242 Public Companies All Companies Method of appoint- Can be appointment of director for ed by CG for preventing oppres- control over sion & mismanagecompany. ment.

BOD

Members

CG

BM

BM

BM

GM

NA

BM-OR

BM-OR

BM-OR

As per Method

NA

Yes

Yes

Yes

Yes

Yes

Yes if Original is ID

No

Yes if Original is ID

Can be

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Depends on original director.

No

Depends on original director.

No

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes Yes Yes

Yes Yes Yes

Yes Yes Yes

Yes No Yes

Yes No Yes

Till Terms of Original Director Yes

Max 3 years

Max 3 years

Yes

Yes

When original Director comes to India Yes

© CA Darshan D. Khare