How to know whether a director is executive or not

Stuck in a problem

 

We have to submit some details of our directors to our lender banks. One of these is to state whether the director is executive or non executive. Few of our directors were appointed in year 2004 and in the Form 32 being used that time there was no column of executive / non executive. So how to know whether a director is executive or non executive or should it be presumed that all directors of that time are executive.

 

Please advice...

Replies (3)

The term 'Executive Director' is not defined in Companies Act 1956.  However, Rule 1.2(1)(l) of draft Rules published under Companies Act 2013 states that ED means a WTD as defined in Sec.2(94) of the Act.  Sec.2(94) of 2013 Act says WTD includes a director in the whole-time employment of the company.

 

Going by the legislative intent we can conclude that a director drawing remuneration from the company may be treated as director in whole-time employment of the company and hence he is an ED.

 

 

Hi

 

As per my views Director's Report of the company will give the details of directors in which we will give the details of directors. You can also check the same in notes to accounts of the Balance sheet  in which related party transaction will be given in which you will given the details of director remuneration.

The remuneration is not the only criteria for judging a director who is executive or not. 

Hi, you can also check from the resolutions passed for appointment of such directors.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details