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Can a compnay be run on single director??

prabhu (Business) (52 Points)

27 June 2008

Hi i am prabhu,

I want to know tht wether a Pvt. Ltd. company in India can be run by a single Director.

I know that for Pvt. Ltd company , no. of minimum directors is 2. Is it true.

What is DIN no., Does all the directors must compulsarily need to have this.

What are additional director. How are they appointed.

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6 Replies

Rudresh.B.M (Article Assistant) (38 Points)
Replied 27 June 2008

Hi,

DIN means Director i dentification No.DIN is compulsory to Act as an Director As per Sec.253 of Companies Amendment Act 2006.

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v. radhakrishnan (company secretary) (29 Points)
Replied 27 June 2008

Minimum no. of directors for a private limited company is 2. Hence it can not be run with a single director. If done so, it is violation of law.

vishal (ca) (70 Points)
Replied 27 June 2008

Yes only for limited purpose . i.e to increase no of director to bring them at min. 2

Rekha Sharma (Company Secretary) (167 Points)
Replied 28 June 2008

A private limited company is required to have at least 2 directors if number of directors falls below this number it is voilation of law board may appoint additional director to make it 2 directors on the board .

Additional dierectors are appointed by board who hold office till the date of AGM their appointment will be regularised in AGM i.e shareholders gives their approval by passing the ordianary resolution .

All the directors should have DIN .

poornima (ARTICLESHIP (PCC STUDENT)) (0 Points)
Replied 28 June 2008

ALL DIRECTORS SHOULD HAVE DIN NO. WHETHER THEY ARE PVT. LTD. CO. OR PUBLIC LTD.

ACC. TO SEC. 253 OF COMPANIES ACT, 1956, THE MIN. NO. OF DIRECTORS IS 2.

A PERSON CAN BE APPOINTED AS A ADDITIONAL DIRECTOR.

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sanjay (professional) (24 Points)
Replied 08 December 2008

Originally posted by :Rekha Sharma
"	A private limited company is required to have at least 2 directors if number of directors falls below this number it is voilation of law board may appoint additional director to make it 2 directors on the board . Additional dierectors are appointed by board who hold office till the date of AGM their appointment will be regularised in AGM i.e shareholders gives their approval by passing the ordianary resolution . All the directors should have DIN .	"