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of <h1>Company Law Board: No Approval Needed Under Sec 268 for New Provisions on Director Appointments; Sec 2695 Approval Required.</h1> The Company Law Board clarified that its approval is not necessary under section 268 for inserting a new provision in a company's articles of association concerning the appointment or re-appointment of a managing or whole-time director or a director not liable to retire by rotation. Approval is required only when amending an existing provision. However, section 2695 mandates Board approval for the first-time appointment or re-appointment of a managing or whole-time director.
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