Non-Executive Director

A director who is not in whole-time employment of the company and does not manage day-to-day operations. Provides strategic oversight and governance. Includes independent directors and nominee directors.

Non-Executive Director is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Non-Executive Director is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.