Question
What restrictions have been imposed by the Companies Act in respect of appointment of directors?
Answer :
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The Companies Act lays down several restrictions regarding the appointment of directors to ensure proper governance, prevent conflicts of interest, and maintain the credibility of the company’s management. Firstly, the Act prescribes age limits for directors. No individual can be appointed as a director if they are under 18 years of age. Additionally, a person who has attained the age of 70 years cannot be appointed as a whole-time director without passing a special resolution in a general meeting, except in cases where the company’s Articles of Association provide otherwise. Secondly, the Companies Act imposes restrictions on the number of directorships an individual can hold. A person cannot hold directorship in more than twenty companies at a time, including
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