Add or Remove Directors: Companies Act 2013

The Companies Act, 2013 significantly impacts corporate governance in India, particularly concerning the appointment and removal of directors. The act outlines a structured process for appointing directors, with the first directors identified in the Articles of Association and subsequent ones retiring at each Annual General Meeting (AGM), ensuring ongoing shareholder evaluation. Directors must meet eligibility criteria, including obtaining a Director Identification Number (DIN). Ultimately, adhering to the Companies Act, 2013 in managing directors is vital for aligning leadership with strategic goals while fostering ethical conduct and accountability.