Directors are the key managerial personnel through whom the company acts. They have powers to manage, duties to act in good faith and within law, and can be disqualified in certain situations. This topic is frequently asked in exams as:
You should be able to:
Director: a person appointed to the Board to direct and manage the company’s affairs.
Board of Directors: the collective body of directors responsible for overall management and policy decisions.
Exam line: Company is an artificial person, so it acts through its directors.
Common types (names may vary by syllabus; write concept + one line):
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Any three powers (overview):
These powers must be exercised within Companies Act, MOA and AOA.
Duties of directors:
Any three duties can be written with brief explanation.
Corporate law (also known as business law or enterprise law or sometimes company law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. It thus encompasses the formation, funding, governance, and death of a corporation.
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Directors are the key managerial personnel through whom the company acts. They have powers to manage, duties to act in good faith and within law, and can be disqualified in certain situations. This topic is frequently asked in exams as:
You should be able to:
Director: a person appointed to the Board to direct and manage the company’s affairs.
Board of Directors: the collective body of directors responsible for overall management and policy decisions.
Exam line: Company is an artificial person, so it acts through its directors.
Common types (names may vary by syllabus; write concept + one line):
Modes (overview):
Key steps concept: eligibility → consent → filing/recording → appointment becomes effective.
General principle: Board has powers to manage company affairs subject to Companies Act, MOA and AOA.
Key powers (exam points):
Write: “Powers are exercised by passing board resolutions.”
Mini table:
Typical disqualifications (write any 5–6 points conceptually):
Board decisions are taken through:
Flow: Notice/agenda → meeting/quorum → discussion → resolution → minutes → implementation
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Appointment should follow eligibility, consent and proper filings; directors then act as agents and fiduciaries of the company.