Document background
The Directors Contract Of Employment is a crucial document used when appointing executive or non-executive directors to a company's board in India. It serves as the primary agreement governing the employment relationship between the company and its directors, ensuring compliance with the Companies Act 2013, SEBI regulations (for listed companies), and other applicable Indian laws. This contract typically includes detailed provisions about the director's appointment, duties, remuneration, confidentiality obligations, and termination conditions. It's essential for establishing clear expectations, protecting both parties' interests, and meeting corporate governance requirements. The document is particularly important in the context of Indian corporate law, which places significant emphasis on director accountability and transparency in executive appointments.
