How Many Directors Require for Private Limited Company
As of my knowledge cutoff in September 2021, a minimum of two directors is required to register a private limited company in India. Here are the key points regarding the directors for a private limited company:
- Minimum Requirement: At least two individuals are required to act as directors of a private limited company. These directors can also be shareholders of the company.
- Maximum Number of Directors: The Companies Act, 2013 does not prescribe a maximum limit on the number of directors for a private limited company. However, the articles of association of the company may specify a maximum number or provide the board of directors with the authority to determine the maximum number of directors.
- Resident Director Requirement: Among the directors, at least one director must be a resident of India. A resident director is an individual who has stayed in India for a total period of not less than 182 days in the previous calendar year.
- Additional Directors: The articles of association may provide for the appointment of additional directors, subject to the overall limit set by the company's shareholders. Additional directors can be appointed by the board of directors between two annual general meetings.
It's important to note that the specific requirements and regulations regarding directors for a private limited company may be subject to updates and changes. It is advisable to refer to the latest provisions of the Companies Act, 2013, and consult with professionals, such as company secretaries or legal advisors, to ensure compliance with the current requirements and to receive personalized guidance based on your specific circumstances.