Upgrade and Save: Get 10% OFF on CAclubindia Pro Subscription! Use Code: SAVE10 Subscribe Now!

Under company act 2013

Sachhida Nand Prasad (Student CA Final ) (28 Points)

20 December 2020

how many minimum no of directors are required for formation of company under section 108 of company act 2013

Reply
Follow
Share

2 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 20 December 2020

As per my knowledge section 108 of company act 2013 is for e voting mechanism or say about voting rights and for section 149 (1) of company act 2013 minimum 3 director required for public Ltd company
minimum 2 director required for private Ltd company
minimum 1 director required for single person company
maximum 15 can appointed

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Shivam RC (Student) (23683 Points)
Replied 20 December 2020

Agree with Ayusmita Ma'am...

As per the Provision of Section 149(1) of the Companies Act 2013 :

(a). a minimum number of "Three Directors" is required in the case of a Public Company,

(b). "Two Directors" in the case of a Private Company, and

(c). "One Director" in case of a One Person Company.

Note that a Company can appoint a Maximum number of "Fifteen Directors". However a company can appoint more than fifteen directors after passing a Special Resolution in the General Meeting ( SR in GM ) as per the first Proviso to Section 149(1) of the Companies Act 2013.