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Query: What is requirement of Maximum and the Minimum Number of Directors in a Company

Category: Corporate Law

Answer: A company can, however, have a maximum of fifteen Directors and it can be increased further by passing a special resolution. Minimum Number of Directors: I. Private Limited Company – 2 Directors II. Limited Company – 3 Directors III. One Person Company – 1 Director Maximum Number of Directors: A company can have maximum of 15 directors but the same can be increased by way of passing special resolution. Requirement of Women Director: There has been a change in law, according to which, every listed public company and other public limited company which are not listed but having a i) paid-up share capital of Rs. 100 crore or more or ii) having a turnover of Rs. 300 crores or more are required to appoint at least one woman Director. But there is no women Director requirement for a private limited company registration. If any director contravenes the provisions of this section such director shall be punishable with fine which shall not be less than Rs.1,00,000/- but which may extend to Rs.5,00,000/-.

Date Posted 26-Dec-2019
Posted By Divya Sharma
Views: 369



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