Hi Friends, I am Preetham. May I know, Does a company have a right to increase or reduce the number of directors?
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1. 3 directors, in case of a public company,
2. 2 directors, in case of a private company,
3. 1 directors, in case of a One Person Company
It shall appoint maximum of 15 directors.
It can appoint more than 15 directors after passing a special resolution.
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Every company shall have a Board of Directors consisting of individuals as directors.
The minimum number of directors are -
1. 3 directors, in case of a public company,
2. 2 directors, in case of a private company,
3. 1 directors, in case of a One Person Company
It shall appoint maximum of 15 directors.
It can appoint more than 15 directors after passing a special resolution.
Therefore, the company has the power to increase or decrease the number of directors. However, a company shall appoint an Independent director or a woman director depending upon reaching the prescribed limits as required by the statute.
Hai .
The Companies Act, 2013 fixes the minimum and maximum number of directors a company can appoint. Under the 2013 Act, a private company is required to appoint at least two directors; while a public company must appoint at least three directors and a one person company is required to appoint at least 1 director. A company can appoint a maximum of 15 directors (a maximum of 12 directors were allowed under the Companies Act, 1956).It is possible for a company to increase the number of directors beyond 15 by passing a special resolution to this effect. Moreover, one of the directors of the company must be resident in India, that is, he must have stayed in India for a period of not less than 180 days in the previous calendar year.the number of directors should not be less than minimum i.e., 2 directors in case of private company and 3 directors in case of public company