Private Limited Company Directors: Roles And Functionalities
In a Private Limited Company or PLC, Directors plays important functioning roles from taking business decisions to looking after business operations. Directors are the key people on whom Shareholders of a company trusts while investing money. Here in this article, we shall discuss how a company can have a new director on its Board legally in India. Role of Director in a PLC As per Companies Act, 2013 a “Director” is a person appointed to the Board of a company for managing company matters. The role of a Director is to administer, control or direct the affairs of a company and also supervises and manages its matters. In other words, a company acts through its Directors. Hence, a company's management is entrusted to a body of persons called the “Board of Directors”. How to become a director in a Private Limited Company(PLC) To become a Director in a PLC, he/she must need a Director Identification Number or DIN Number which can be obtained by anybody who is 1