Question

What is the minimum number of directors which a One Person Company can have?

A One Correct Answer Incorrect Answer
B Three Correct Answer Incorrect Answer
C Fifteen Correct Answer Incorrect Answer
D No such requirement Correct Answer Incorrect Answer

Solution

Explanation: Section 149. Company to have Board of Directors: (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 a public company, two directors in a private company, and one director in a One Person Company; and (b) a maximum of fifteen directors, company may appoint more than fifteen directors after passing a special resolution: class or classes of companies as may be prescribed, shall have at least one-woman director.

Practice Next
×
×