Category of Directors as per Form 32 to be filed with ROC

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CA Ankit Zaveri (Querist)
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30 December 2009 Can u please provide me the defination of Promoter Director, Professional Director and Independent Director

Arjuna Raina

Arjuna Raina (Expert)
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30 December 2009 Promoter Director:First directors are promoter director or if subscribers to memorandum whenever they become directors are promoter director in one company.

Professional Director/Independent Director:Both are same(Independent directors are the best in dealing with corporate governance.In the selection of independent directors we must not look simply for high profile names

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Category of Directors as per Form 32 to be filed with ROC

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