Company Management - Quick Revision Sheet
Quick revision
Sections and rules
| Provision | Subject |
|---|---|
| Section 2(34) | Definition of director |
| Section 2(51) | Key Managerial Personnel |
| Section 149(1) | Minimum and maximum number of directors |
| Section 149(3) | Resident director, 182 days |
| Section 149(6) | Independent director |
| Section 152 | Appointment of directors |
| Section 164 | Disqualifications |
| Section 165 | Maximum 20 directorships (10 public) |
| Section 169 | Removal by shareholders |
| Section 197 | Managerial remuneration |
| Rule 17 | Register of directors and KMPs |
Numbers to remember
- Minimum directors: public 3, private 2, One Person Company 1; maximum 15
- Independent directors: at least two where paid-up capital 10 crore, turnover 100 crore, or loans 50 crore
- Woman director: listed company; paid-up capital 100 crore or turnover 300 crore
- Small shareholders' director: notice by 1,000 shareholders or one-tenth
- Fine for excess directorships: Rs. 5,000 to Rs. 25,000 per day
- Filing of appointment with the Registrar: within 30 days
- Qualification shares: within two months of appointment
- Remuneration: 11% of net profit; 5% with only one MD, WTD or manager
- Managing Director: not more than five years at a time
Key terms
- Alternate director: substitute for a director absent from India
- Shadow director: not on the Board but has power to run it
- Nominee director: nominated by a financial institution or Government
- Misfeasance: wilful negligence
- DIN: Director Identification Number, compulsory for appointment
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Study NotesConcepts & methods
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2 Functions of Management
3 Management by Objectives (MBO) and Management by Exception (MBE)
4 Introduction to Financial Markets
5 Capital Market
6 Money Market
7 Stock Exchange
8 Securities and Exchange Board of India (SEBI)
9 Fundamentals of Human Resource Management
10 Recruitment Methods
11 Employee Selection Process
12 Employee Training Method
13 Concept of Market and Marketer
14 Marketing and Marketing Mix
15 Recent Trends in Marketing
16 Consumerism
17 Rights, Duties and Responsibilities of Consumers
18 Grievance Redressal Mechanism
19 Environmental Factors
20 Liberalization, Privatization and Globalization
21 The Sale of Goods Act, 1930
22 The Negotiable Instruments Act, 1881
23 Elements of Entrepreneurship
24 Types of Entrepreneurs
25 Government Schemes for Entrepreneurial Development
26 Companies Act, 2013
28 Company Secretary