As per the Companies Act 2013, only an individual can be the Director or as a Member of the Board of Directors. In other words, it must be a natural person to be appointed as a Director of the Company and not a Firm/Company/Association as per the Memorandum of Association (MOA) and Articles of Association (AOA).The Director must fulfil the eligibility criteria to be elected as per the Articles of Association.Indian National, Non-resident Indians, and Foreign Nationals are eligible to be a Director of a Company in India.
Managing Director is a Director, who by virtue of AOA of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is endowed with substantial powers of management of affairs of the Company.
The Executive Director is in full-time employment for the company. The Executive Directors take
comprehensive control of the core management and managing affairs of the company.
Additional Director is the one who was elected and appointed as a Director by the Board of Directors.
Additional Directors can seek a permanent director position at the annual general meeting.
An alternate Director is appointed by the Board of Directors to substitute for the Principal Director who is a Non-resident Indian or Foreign Collaboration of a company. An Alternate Director can not only attend and vote in the meetings but also carry out all the responsibilities on behalf of the original Director in his absence.
An Ordinary director of the company is a non-executive director. Also, he is neither a Full-time Director
nor a Managerial Director. An Ordinary Director is the one who attends the board meetings of a company and
participates in the matters put before the Board of Directors.