Company law
Ajay Singh (-) (127 Points)
16 March 2019
what is the min and max no of directors in company
16 Replies
Priya Kashyap
(Student)
(7053 Points)
Replied 16 March 2019
maximum 15 directors for both.
pvt - min is 2 director
pub co it's 3
pvt - min is 2 director
pub co it's 3
Ajay Singh
(-)
(127 Points)
Replied 16 March 2019
but I've seen max directors above 15 in some companies
Priya Kashyap
(Student)
(7053 Points)
Replied 16 March 2019
i think it happens in case a special resolution is passed by the company
Priya Kashyap
(Student)
(7053 Points)
Replied 16 March 2019
MMM for OPC min is 1 and Max is 15(not sure)
Anand Tak
(47 Points)
Replied 16 March 2019
a may appoint more than 15 director by passing special resolution in gm
Ajay Singh
(-)
(127 Points)
Replied 16 March 2019
who are independent directors then limit applies to these???
Anand Tak
(47 Points)
Replied 16 March 2019
one third of total strength in case of listed co. and in case of other specified public co. 2
Priya Kashyap
(Student)
(7053 Points)
Replied 16 March 2019
what about private company?
and what if total directors in a public listed company is 10
and what if total directors in a public listed company is 10
Anand Tak
(47 Points)
Replied 16 March 2019
upper limit of 15 applicable to all co whether pvt or ltd. in case one third no is not in multiple of 3 than fraction should be considered 1 because sec 149(4) provided that listed co. shall have at least 1/3 dir. as ind dir.
Priya Kashyap
(Student)
(7053 Points)
Replied 16 March 2019
1/3 still not clear incase total directors not absolutely divisible by 3
Anand Tak
(47 Points)
Replied 16 March 2019
provision says that at least 1/3 it means it may be one third or more but in any case should not be less than 1/3.
so 10/3=3.33 i.e. 4 because if u rounded of as 3 than it does meet condition of at least onethird
so 10/3=3.33 i.e. 4 because if u rounded of as 3 than it does meet condition of at least onethird
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