Saturday, 20 September 2014

Status of directors in a Private Limited Company

The directors are the founders of a Private Limited Company. They are the policy makers as well as the people in charge of the affairs of the company. In a single member company there is only one director. However he has a nominee director and an alternate nominee director. They take his place in case of his non-availability.

Usually there can be up to 50 directors in a Private Limited Company. At the time of incorporation there are policies made in the documents for the removal, termination, retirement and death of directors. That means directors can be replaced from the board of directors if the documents of incorporation allow that.

Board of directors is the total quorum of directors present in a meeting. The minutes of meeting are recorded as per the companies law. The decision of directors in a meeting is called a resolution. The management of the company is bound to follow all resolutions passed by the directors.

If you wish to register a company or if you have any query related with the management of a company feel free to write us at internationallawyerinfo@gmail.com

Regards,
Salman Yousaf Khan
Corporate Lawyer
+92-333-5339880

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Regards,
Salman Yousaf Khan
Chairperson
International Lawyer
+92-333-5339880