Companies Act 2013 Directors Provisions And Guidelines 2014
2. Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits [section 197 of the 2013 Act]. 2. Number of directorships The 2013 Act increases the limit for the number of directorships that can be held by an individual from 12 to 15 [section 149(1) of the 2013 Act]. 3. One director to be resident in India A new requirement with respect to directors is that at least one director to have stayed in India for at least 182 days in the previous calendar year [section 149(3) of 2013 Act]....