Is there any minimum number of directors that a company has to appoint?
Guest (n/a) 09 April 2009
Is there any minimum number of directors that a company has to appoint?
A V Vishal (Advocate) 09 April 2009
Dear Haninullah:
Section 252 reads as follows: MINIMUM NUMBER OF DIRECTORS. (1) Every public company (other than a public company which has become such by virtue of section 43(A) shall have at least three directors. (2) Every other company shall have at least two directors. (3) The directors of a company collectively are referred to in this Act as the "Board of directors" or "Board".
J Manivannan (Advocate & Consultant) 16 April 2009
As per Companies Act,
Private Companies
Minimum Two, Maximum 12
Public Companies
Minimum Three, Maximum 12
Anuj Sharedalal (Intern - Financial Advisory) 17 April 2009
As per Companies Act,1956 ,
Private Company
Minimum two
No limit on maximum number of directors that can be appointed ( section 259 )
Public Company
Minimum three
Maximum twelve ( section 259 says that number of directors can be increased beyond twelve by permission of central government )
Private Company that is a subsidiary of a Public Company
Minimum two
Maximum twelve ( section 259 says that number of directors can be increased beyond twelve by permission of central government )
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