Companies Act, 2013

Section 182

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

⚡ Quick Answer Reference: Section 182 Companies Act

Provision: Section 182 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 182 of Companies Act say?

The terms and conditions of appointment of a managing director, whole-time director or manager shall be such as may be determined by the Board, and shall be consistent with the articles of the company. The terms and conditions of appointment of a managing director, whole-time director or manager shall include the remuneration payable to him, the duration of his appointment, the powers and duties of the managing director, whole-time director or manager, and such other matters as may be specified in the articles of the company. The Board may, from time to time, vary the terms and conditions of appointment of a managing director, whole-time director or manager, and such variation shall be consistent with the articles of the company.

Indian StandardSection 182, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 182 (India)

Court Pleading StandardSection 182 of the Companies Act, 2013

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

Common Questions about Section 182 Companies Act

What is Section 182 of Companies Act?

Section 182 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 appointment of a managing director, whole-time director or manager shall be such as may be determined by the Board, and shall be consistent with the art...

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