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Appointment of Directors: Minimum and Maximum Limit

Director means a person appointed as Director by the Board of the Company. He worked as an Agent as well as the trustee of the company.


Minimum No of Directors required:-

As per section 149(1), minimum no of directors required in respective companies are-
In a Public company- 3 
In a Private company- 2 
In a One Person company- 1

Maximum No of Directors permissible as per the Company's Act 2013:-

As per section 149(1), maximum no of directors a company can appoint is 15.
Also, as per first proviso to section 149(1), company may appoint more than 15 directors after getting an approval of members by passing an special resolution.

Exemption Available:-

The provision related to maximum no of directors and subsequent passing of special resolution for increasing the no of directors beyond 15, do not apply to Government companies and section 8 companies, provided they have complied with the provisions of section 92 (Annual Returns) and section 137 (Filing of Financial Statements with Registrar).



Disclaimer
The contents of this article are solely for informational purpose. It does not constitute any professional advice. The author does not represent that the contents of the article are accurate or complete. Neither the Site/Blog ‘Your Instasolv’ and the author accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

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