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of <h1>Understanding Director Roles, Appointments, and Responsibilities Under Companies Act 1956: Key Rules and Limitations</h1> The the management and control of companies under the Companies Act, 1956, focusing on the role and appointment of directors. Directors are responsible for policy-making, appointing officers, and recommending dividends. They are categorized as executive or non-executive. Only individuals can be directors, subject to disqualification for reasons such as insolvency or criminal conviction. Directors cannot serve more than twenty companies simultaneously and must hold qualification shares. Appointments can be made by subscribers, members, the board, or the government. Directors can be removed by shareholders, government, or tribunal. Remuneration is capped at 11% of net profits, and holding an office of profit requires special resolution consent.
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