Companies Act, 2013

Section 40

Appointment of additional directors

⚡ Quick Answer Reference: Section 40 Companies Act

Provision: Section 40 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 40 of Companies Act say?

A company may appoint additional directors in addition to the directors already appointed. The additional directors shall be appointed by the company in general meeting. The additional directors shall hold office for such period as may be prescribed. The company shall intimate the registrar the appointment of additional directors within thirty days from the date of appointment.

Indian StandardSection 40, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 40 (India)

Court Pleading StandardSection 40 of the Companies Act, 2013

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

Common Questions about Section 40 Companies Act

What is Section 40 of Companies Act?

Section 40 of the Companies Act, 2013 (Companies Act) defines and regulates "Appointment of additional directors". The section states: A company may appoint additional directors in addition to the directors already appointed. The additional directors shall be appointed by the company in general meeting. The additi...

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