Q: Elaborate section 149 and 152 of companies act, 2013 ?

Ans: According to section 149 of companies act,  2013: 

(1) Every company shall have a Board of Directors consisting of individuals as  directors and shall have—


(a) a minimum number of three directors in the case of a public company , two directors in the case of a private company , and one director in the case of a One Person Company ; and


(b) a maximum of fifteen directors:


Provided that a company may appoint more than fifteen directors after passing a special resolution:


Provided Further that such class or classes of companies as may be prescribed, shall have at least one woman director.


(2) Every company existing on or before the date of commencement of this Act shall within one year from such commencement comply with the requirements of the provisions of sub-section (1).


(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two i.e., 182 days during the financial year:


Provided that in case of a newly incorporated company the requirement under this sub-section shall apply proportionately at the end of the financial year in which it is incorporated.


Note: The minimum number of directors are mentioned in section 149(1)(a) of companies act,  2013 and maximum number of directors are mentioned in section 149(1)(b) of companies act. The woman director is also mentioned under section 149(1)(b) of companies act, 2013.  Section 149(3) mentions that atleast one director must be the resident of India. 

Comments

Popular posts from this blog

Q: Can a private company be company limited by shares ?

Q: How does the company work as an assessee?

Q: How many independent directors are required by public company ?