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of <h1>Public companies must appoint directors or managers per Section 269, Companies Act, 1956, with government approval or Schedule XIII compliance.</h1> Section 269 of the Companies Act, 1956 mandates that public companies and private subsidiaries of public companies with prescribed paid-up capital must appoint a managing or whole-time director or manager. Such appointments require Central Government approval unless they comply with Schedule XIII conditions and are filed within 90 days. The government can reject appointments if they deem the candidate unfit or the terms unreasonable. Unauthorized appointments may lead to fines and require tribunal intervention. Non-compliance with tribunal orders can result in imprisonment and additional fines. The section also clarifies that 'appointment' includes re-appointment.
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