can anybody tell me that maxmimum no of director appointed in a company (private and public )
12 Replies
vishnupriya
(CA Final)
(1418 Points)
Replied 25 February 2011
Actually U/s 252 of the Companies Act,1956 the maximum limit on no. of Directors is not specified. But the Articles of Association can specify the limit of maximum no. of Directors and AOA should not reduce the minimum limit (3 in public Co. & 2 in other co.)
Please also refer Sec 258 & 259 where appointment requires CG Permission, Special & Ordinary Resolution.
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 25 February 2011
| Originally posted by : Vishnu Priya | ||
 |
Actually U/s 252 of the Companies Act,1956 the maximum limit on no. of Directors is not specified. But the Articles of Association can specify the limit of maximum no. of Directors and AOA should not reduce the minimum limit (3 in public Co. & 2 in other co.) Please also refer Sec 258 & 259 where appointment requires CG Permission, Special & Ordinary Resolution. |
 |
Agreed with Vishnu Priya
regards
Santosh Shah
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 25 February 2011
The maximum no. of directors that a company can have is 12.
After that Central Govt. approval is reqd. Sec.259 (applivable to pub. co. & subsi of pub. co.)
No such restriction on Pvt. co. It has to follow its articles.
(Guest)
| Originally posted by : Vishnu Priya | ||
|
|
Actually U/s 252 of the Companies Act,1956 the maximum limit on no. of Directors is not specified. But the Articles of Association can specify the limit of maximum no. of Directors and AOA should not reduce the minimum limit (3 in public Co. & 2 in other co.) Please also refer Sec 258 & 259 where appointment requires CG Permission, Special & Ordinary Resolution. |
|
totally agreed
Vikash Kharvar
(Dy. Manager -F&A)
(469 Points)
Replied 25 February 2011
I agree with Vishnu Priya ........
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 25 February 2011
| Originally posted by : Vikash Kharvar | ||
|
|
I agree with Vishnu Priya ........ |
|
krishna Patel
(M.COM. CA FINAL CS Professional(Final))
(420 Points)
Replied 26 February 2011
| Originally posted by : sakshi | ||
|
|
Agree with Shridhi.. |
|
CA Bhuvnesh Kumar
(Chartered Accountant)
(69 Points)
Replied 26 February 2011
Shridhi Jain is Correct.
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 27 February 2011
Rightly said by Vishnu Priya, agree.
vishnupriya
(CA Final)
(1418 Points)
Replied 28 February 2011
My dear Friends!
Here is a link for "Report of Expert Committee on Management and Board Governance" in MCA Site regarding many issues of Board. please go through it to find out the limit on maximum no. of directors.
https://www.mca.gov.in/Ministry/reportonexpertcommitte/chapter4.html
www.mca.gov.in/Ministry/reportonexpertcommitte/chapter4.html
Regards
Vishnupriya
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
