Can a section 25 company have more than 12 directors without CG approval? As section 259 is not applicable on it.
1 Replies
Jagruti (CS)
(Service)
(1953 Points)
Replied 03 March 2010
Ya CG approval is not required but check the approval letter granted by CG at time of forming Sec 25 Company as sometimes they may state limit for the same
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