1. Managing director
A managing director is a director who passes all the AOA, agreements, and the purpose of the company in a general meeting.
2. Whole-Time Director
A Whole-Time director works for full-time. He/she executes all the daily activities of a company.
3. Ordinary director
An ordinary director is a simple director who participates in all the matters provided to the Board. They are neither Full-time nor managing director.
4. Alternate director
An alternate is usually elected by the Board, who executes all the activities in the absence of the original director. Usually, the alternate directors appointed for the NRIs.
5. Professional director
Professional directors are the directors who possess all the professional qualifications. Usually, they get an appointment for the utilization of expertise in management.
6. Nominee Director
The Banks or the private investors who provide debt impose a condition. The condition is to appoint someone of their representative to be on the Board of the company. These representatives are called Nominee directors.
7. Residency requirement of director in a private limited company
Under Section 149(3), every private limited company registered in India shall have at least one director who stayed in India for longer than 182 days in the preceding calendar.
8. Women Director Requirement
As per the Companies Act, the limited companies that are having paid-up share capital more than INR 100 Crore or turnover more than INR 300 Crore at least have one woman director.