Directors of a private company

This query is : Resolved

ramakrishna (Querist)
Follow

02 August 2011 Dear Sir,

we are forming a private ltd company with 2 directos.

1. Is there a compulsion that one of them must be chairman or executive directors?

2.can they both be non executive directors?

Thanks and Regards

CS SIDDHARTHA BANIK

CS SIDDHARTHA BANIK (Expert)
Follow

02 August 2011 Hi,

1) There is no such compulsion in a pvt. limited co.to appoint one of the two directors as an executive or chairman. For appointment of chairman, please check your Articles, and if ur articles is silent check sec 175.

2) the concept of executive / non-executive directors is not applicable to pvt. company.

Thanks,
CS Siddhartha Banik

Message likes : 1 times