How many executive director are required in private company?

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2012 Hi,

Please tell me how many executive directors are required during Incorporation of the company?

Ajay Mishra

Ajay Mishra (Expert)
Follow

19 April 2012 Hi

In case of private company, the minimum no. of director should be two, but the companies Act, not specify the minimum no. of executive directors.

The provisions of Independent director clause will also not apply to private company. The provisions of remuneration will also not apply to private company which indirectly covers executive directors.

As per my knowledge, you are free to appoint no. of executive directors subject to yours articles.

Regards

Message likes : 1 times

CA Kishore Tallam

CA Kishore Tallam (Expert)
Follow

19 April 2012 Yes, There is no bar on appointment of no of executive directors. It depends on the size operations of the Company also to the extent permitted under articles.

Upgrade to CAclubindia Pro. Subscribe Now!