Page 148 - DCOM106_COMPANY_LAW
P. 148
Sukhpreet Kaur, Lovely Professional University Unit 10: Management of Company
Unit 10: Management of Company Notes
CONTENTS
Objectives
Introduction
10.1 Directors – Definition and Meaning
10.1.1 Deemed Director (s. 7).
10.1.2 Small Shareholders’ Director
10.2 Legal Position of Directors
10.2.1 Directors as Agents
10.2.2 Directors as Trustees
10.2.3 Directors as Managing Partners
10.2.4 Directors as Employees of the Company
10.2.5 Director as Officers of the Company
10.3 Qualifications and Disqualifications of Directors
10.3.1 Other Disqualifications
10.3.2 Minor as a Director
10.3.3 Validity of acts of Directors (s. 290)
10.4 Appointment of Directors
10.4.1 Appointment of First Directors
10.4.2 Appointment of Subsequent Directors
10.4.3 Restrictions on Appointment of Directors
10.5 Modes of Appointments
10.6 Director Remuneration
10.6.1 What is included in Remuneration?
10.6.2 Increase in Remuneration
10.7 Remuneration Payable to a Manager
10.7.1 Managerial Remuneration vis-à-vis Schedule XIII
10.8 Disclosure
10.8.1 Interested Directors not to Participate or Vote in Board’s Proceedings
10.8.2 Register of Contracts in which Directors are Interested
10.8.3 Disclosure of Director’s Interest in Contract Appointing Manager, or
Managing Director
10.9 Service Contract
Contd...
LOVELY PROFESSIONAL UNIVERSITY 143
