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performing director/employee director

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 December 2009 is tere any procedure to become a performing director or a employee director
i mean to say that even after being a director, he/she has no liabilities towards company

please answer and tell me the procedure if any,

thanks in advance
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
05 December 2009 The Companbies Act 1956, recognises a wholetime director,managing director. non executive directors and director. put your person in one of these 4 categories
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Ankur Garg

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Ankur Garg (Expert)
05 December 2009 I do not think so.

Being a director you can not escape from your liability.

Regards
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