Minimum director in india

This query is : Resolved

CA Chandankumar Saha (Querist)
Follow

02 May 2012 What is the provision if company having two director in private ltd and one of the director left India for Singapore for to form company which is not a subsidiary of the company , is there is default according to companies act 1956 ?

Ajay Mishra

Ajay Mishra (Expert)
Follow

02 May 2012 Hi

In Case the director of the company is less than two or the no. of director fix for the quorum, then the remaining director (continuing director or directors) may act for the purpose of increasing the no. of directors to that fixed for the quorum or summoning a general meeting of the company, but no for other purpose.

Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.

I will suggest you to appoint one additional director in Board Meeting as per Regulation 75 of Table A of Schedule I of the Companies Act, 1956.

Regards