Minimum directors for private company

Page no : 2

Rasesh (CS CWA MBA (Fin) B.Com LL.B (Spl)) (6501 Points)
Replied 28 January 2010

It was great fun reading this thread. Two Directors.

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shashank (CA final student) (259 Points)
Replied 29 January 2010

minimum NO.OF directors for a private company are two

Niki Shingade (Company Secretary) (83 Points)
Replied 29 January 2010

Dear All,

I totally agree with Mr. Ankur and also great help from Hardik's attachment. I have also confirmed the same with the ROC.

But still can anyone pls interpret the definition of public company which states that Public Company means a company which.......... (iv)" is a private company which is a subsidiary of a company which is not a private company".

Regards

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 29 January 2010

Now as we all know that basic structure of a private co. can not be changed just because it is subsi. of a public co. However, for the purpose of some provisions of the act this pvt. co. must be treated as a public if and only if specifically desired by the section in question. For example section 255, 268 and 269 and many others. By virtue of the language of these sections they become fully applicable to a private co. which is subsi. of a public co.

Rekha (MANAGER - FINANCE & ACCOUNTS) (1445 Points)
Replied 29 January 2010

Lot of confusions in interpreting ... minimum no of directors 2

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Raakhi (auditing) (26 Points)
Replied 03 February 2010

Could you pls confirm whether just an ordinary resolution will do in case the company wants to pay insurance premium on behalf of the director , in case of pvt. ltd. co.

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 03 February 2010

Originally posted by : Raakhi
	Could you pls confirm whether just an ordinary resolution will do in case the company wants to pay insurance premium on behalf of the director , in case of pvt. ltd. co.

Kindly appreciate payment of Ins. premium on behalf of dir. is equal to loan to dir. u/s 295. So i would advise you to avoid this practice. Section 295 is applicable to all the companies. With CG approval the same is possible.

hardeep (accoutant) (25 Points)
Replied 17 February 2011

Dear Ankur sir

can i know how can change the company name. i waana all formalties bcoz i dont know that change a co. name when the change also pan card no.. lot of confuse so plz guide me