Who is a director? and what are the types of director?
Director
According to section 2(34) of companies act 2013. A director is a person who is appointed to the Board of the company.
Board of Directors
According to section 2(10) of companies act 2013. Board in relation to a company is collective body of directors.
DIN
DIN stands for Director Identification Number. If someone wants to be a director he needs to have a DIN.
According to section 153 to get a DIN a person have to fill and submit a form DIR-3 to the central government. you can read the whole procedure by clicking here.
Type of Directors
There are 2 types of directors
1. Executive director or Full-time director.
2. Non-Executive director or Part-time director.
Executive director
An executive director is a director who takes part in the day-to-day functioning of a company. Executive directors are further categorised into 2 parts
1.Whole time director:-
A whole-time director is a director in the whole-time employment of the company. In other words, a director who devotes his whole time to the affairs of a company is called a whole-time director of the company.
2. Managing director:-
A person who is in overall charge of the running of an organization or business.
Non-Executive director
A non-executive director does not engage in the day-to-day management of the organization but is involved in policymaking and planning exercises. He is not an Executive director. Following are the type of non-executive director:-
DIN
DIN stands for Director Identification Number. If someone wants to be a director he needs to have a DIN.
According to section 153 to get a DIN a person have to fill and submit a form DIR-3 to the central government. you can read the whole procedure by clicking here.
Type of Directors
There are 2 types of directors
1. Executive director or Full-time director.
2. Non-Executive director or Part-time director.
Executive director
An executive director is a director who takes part in the day-to-day functioning of a company. Executive directors are further categorised into 2 parts
1.Whole time director:-
A whole-time director is a director in the whole-time employment of the company. In other words, a director who devotes his whole time to the affairs of a company is called a whole-time director of the company.
2. Managing director:-
A person who is in overall charge of the running of an organization or business.
Non-Executive director
A non-executive director does not engage in the day-to-day management of the organization but is involved in policymaking and planning exercises. He is not an Executive director. Following are the type of non-executive director:-
- First director
- Women director
- Resident director
- Director elected by small shareholders
- Additional director
- Nominee director
- Individual director
- Alternate director
- casual vacancy

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