Minimum directors below statutory limit as per ca 2013

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sainiroop (Querist)
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10 October 2014 Hi,

Following are my queries,

1) If the No. of directors falls below the statutory limit for a Public Limited Company (Unlisted) . what are the Consequences?

2) W.r.t above , i am not planning to fill the vacancy in directors for another 6 months. what are the consequences?

Thank You in Advance.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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10 October 2014 Minimum/Maximum Number of Directors in a
Company- Section 149(1)
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. A company can appoint maximum 15 fifteen directors. A company may appoint more than fifteen directors after passing a special resolution in general
meeting and approval of Central Government is not required.

A period of one year has been provided to enable the companies to comply with this requirement.

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sainiroop

sainiroop (Querist)
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10 October 2014 Thank You Very Much.

But Are there no Consequences if a company does not fulfill the minimum statutory requirement for directors ?

The section given by you provides the number and time to comply but default in minimum directors of statutory requirement is not mentioned.

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