How many directors can a Private limited company have
In India, a Private Limited Company must have a minimum of 2 directors and a maximum of 15 directors as per the Companies Act, 2013. However, it is important to note that the Articles of Association (AOA) of the company may prescribe a higher or lower number of directors, subject to a maximum of 15.
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Additionally, at least one of the directors must be a resident of India. Which means that he/she should have stayed in India for at least 182 days in the previous calendar year. A person is considered a director if he/she is appointed to the Board of Directors of the company. He has issued a Director Identification Number (DIN) by the Ministry of Corporate Affairs.
It is important to ensure that the Private Limited Co. complies with all the statutory requirements related to the appointment, resignation, and removal of directors, and also with the guidelines issued by the Ministry of Corporate Affairs from time to time.
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