Section 181 Companies Act Explained: Appointment of managing director, whole-time director or manager | Nyaya

Statutory Content

What does Section 181 of Companies Act say?

A company may, by a special resolution, appoint a managing director, whole-time director or manager for such period, not exceeding five years, as may be specified in the resolution, and may, from time to time, re-appoint him for such period, not exceeding five years, as may be specified in the resolution. The appointment of a managing director, whole-time director or manager shall be made by a resolution passed in accordance with the provisions of section 166. The managing director, whole-time director or manager shall be appointed for such period, not exceeding five years, as may be specified in the resolution, and may, from time to time, be re-appointed for such period, not exceeding five years, as may be specified in the resolution. The managing director, whole-time director or manager shall be appointed for such period, not exceeding five years, as may be specified in the resolution, and may, from time to time, be re-appointed for such period, not exceeding five years, as may be specified in the resolution.

Indian StandardSection 181, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 181 (India)

Court Pleading StandardSection 181 of the Companies Act, 2013

Canonical Web linkhttps://nyaya.cloud/acts/companies-act-2013/181

Embed this Section Card

Want to display this Section explanation card on your website? Copy and paste the HTML code below:

<iframe src="https://nyaya.cloud/api/widget/section?act=companies-act-2013&sec=181" width="100%" height="250" style="border:none; border-radius:8px;"></iframe>

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

Common Questions about Section 181 Companies Act

What is Section 181 of Companies Act?

Section 181 of the Companies Act, 2013 (Companies Act) defines and regulates "Appointment of managing director, whole-time director or manager". The section states: A company may, by a special resolution, appoint a managing director, whole-time director or manager for such period, not exceeding five years, as may be specified in the resolution...

Landmark Case Laws