Section 269 of the companies act, 1956 provides that in the case of a public company including a private company which is a subsidiary of the public company, the appointment of a managing director shall not have effect…
Section 252 provides that every public company (other than a public company which has become such by virtue of Section 43-A) must have at least 3 directors and every private company must have at least 2 directors…
As directors hold a key position, they are bound to comply with the provisions of the companies act. They shall carry out all duties placed upon them by either the act or the articles. The duties of the directors of a company…