Does a company have a right to increase or reduce the number of directors?

Open uri20170510 32134 ughyv5?1494421703 gunesh asked about 3 years ago

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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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

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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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pushkala Santhanam answered about 3 years ago

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.

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Open uri20170510 32134 1nqu8aj?1494421649 sowmya answered about 3 years ago

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

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