Executive-non excutive director
This query is : Resolved
07 November 2008
What is difference between excutive and non executive director of a Pvt. Ltd ?
In a newly Pvt. co. there are 3 directors( one excutive and others 2 non executive at the time of filling of
Form 32 with incorporation), now one excutive director want to resign, in such case, what will be status of other 2 non excutive directors ?
In a newly Pvt. co. there are 3 directors( one excutive and others 2 non executive at the time of filling of
Form 32 with incorporation), now one excutive director want to resign, in such case, what will be status of other 2 non excutive directors ?
08 November 2008
Directors who are not entrusted with any day to day functions of the company and not paid salary are called non-executive directors. The resignation of a non-executive director does not automatically alter the status of the other non-executive directors.
08 November 2008
In such case, what should be procedure from non executive director to executive director ?
08 November 2008
In the case of a pvt ltd., subject to the provisions of AOA he has to be appointed as executive director in a Board meeting or General meeting as the case may be.
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