Death of one of the two directors in private ltd. company

This query is : Resolved

Jitin suryavanshi (Querist)
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10 March 2015 Case:Due to Death of One of the Two Directors in Private Ltd. Company the number of directors have fallen below the Statutory Minimum.

Is there any Time limit under which the New Director has to be appointed to bring the number of directors to Two?

If Yes,under which Section of Companies Act, 2013

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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11 March 2015 Section 149(1) of the Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of
a public company, two directors in the case of a private company, and one director in the case of a One Person Company

As per Section 149(2) of the Companies Act, 2013 A period of one year has been provided to enable the companies to comply with this requirement.i.e ON OR BEFORE 31/03/2015