Companies Act, 2013
Schedule V - CONDITIONS TO BE FULFILLED FOR THE APPOINTMENT OF A MANAGING OR WHOLE-TIME DIRECTOR OR A MANAGER WITHOUT THE APPROVAL OF THE CENTRAL GOVERNMENT
SCHEDULE V(See sections 196 and 197)PART ICONDITIONS TO BE FULFILLED FOR THE APPOINTMENT OF A MANAGING OR WHOLE-TIME DIRECTOR OR A MANAGER WITHOUT THE APPROVAL OF THE CENTRAL GOVERNMENTAPPOINTMENTSNo person shall be eligible for appointment as a managing or whole-time director or a manager (hereinafter referred to as managerial person) of a company unless he satisfies the following conditions, namely:-
| (a) | - | he had not been sentenced to imprisonment for any period, or to a fine exceeding one thousand rupees, for the conviction of an offence under any of the following Acts, namely:- |
| (i) | - | the Indian Stamp Act, 1899 (2 of 1899); |
| (ii) | - | the Central Excise Act, 1944 (1 of 1944); |
| (iii) | -.... To read the full section download the app from Google Play store
16 July 2026
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