COMPANIES Act 1956 - DIRECTORSHIP

NO

the basic definition of director as per the companies act, 1956  is the Director should be an individual. in some foreign countries companies are allowed as directors. but in india it is not accepted.

Hi,

As per section 253 of Companies Act, 1956 only individual can be appointed as a director of the company.

For more learning:

The reason why only an individual should be a director is pointed out by Supreme Court in

Oriental Metal pressing Works private limited Vs. Bhasker Kashinath Thakoor.

According to Supreme Court the office of a director is to some extent an office of trust and there should be somebody available on whom responsibility could be fixed. Fixing such responsibility might be difficult if the director is a corporation or an association or firm.

Hope this would be of some help.

Best Regards

It is specifically provided under section 253 that No body corporate, association or firm shall be appointed director of a company, and only an individual shall be so appointed.

Therefore, no matter to discuss, as specifically provided in the Act itself.