Companies Act, 2013

Section 127

Terms and conditions of appointment of managing director, whole-time director or manager

⚡ Quick Answer Reference: Section 127 Companies Act

Provision: Section 127 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 127 of Companies Act say?

The terms and conditions of the appointment of a managing director, whole-time director or manager, including his remuneration, shall be such as may be determined by the board, but no remuneration or commission shall be payable to him save in accordance with a resolution passed in that behalf by the company in general meeting.

Indian StandardSection 127, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 127 (India)

Court Pleading StandardSection 127 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 127 Companies Act

What is Section 127 of Companies Act?

Section 127 of the Companies Act, 2013 (Companies Act) defines and regulates "Terms and conditions of appointment of managing director, whole-time director or manager". The section states: The terms and conditions of the appointment of a managing director, whole-time director or manager, including his remuneration, shall be such as may be determined by the board, but...

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