As per Section 161(3). Subject to AOA of company, the Board May appoint any person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or the State Government by virtue of its shareholding in a Government company.( According to term: Subject to AOA of company mean there should be provisions in Articles of Association of Company for appointment of Nominee Director, if there is no provision in Articles of company then alter the provision in AOA).
Under the Companies Act 2013, a company can registered with one or two Directors in anywhere in India. With one directer a Company registered call as one person private limited Company Whereas morethan two directors involved in the Company which is normal Private limited Company. Under One person Company, the turnover of 2Crs Limited.
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MCA has notified in webiste www.mca.gov.in that In exercise of the powers conferred by sub-section (2) of Section 1 of the Companies (Amendment ) Act 2017 (1 of 2018 ), the central Goverment hereby appoints the 26th January, 2018 as the date on which the provision of section 1 and section 4 of the said Act shall come into force
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