Minimum and Maximum Directors in a Private Limited Company | Registrationwala
September 19, 2024 ⚊ 1 Min read ⚊ Views 24 ⚊ BLOG
Explore the regulations concerning the appointment of directors in a private limited company under Indian law. According to the Companies Act, 2013, a private limited company must have a minimum of two directors, while the maximum number is capped at fifteen, though this limit can be increased by passing a special resolution. The eligibility criteria for becoming a director include being an individual (not a company), with at least one director being a resident of India for a minimum of 182 days in the financial year. Directors play a crucial role in the management and decision-making of a company, acting in a fiduciary capacity on behalf of the shareholders. They are responsible for ensuring compliance with legal requirements, financial stability, and corporate governance.
