can anyone tell me what is the maximum limit of number of members in board of directors. Also, can a non-stakeholder be a board of director?
From India, Thane
From India, Thane
The maximum number of directors will be as provided in the Articles of Association.
The act only provides the minimum (2 for private and 3 for public ltd co)
A non stock holder / share holder can be a director if it is not disallowed by the Articles of Association.
There is no concept of stakeholder in Company Act.
If the articles of association is silent, you need to see Table A / Model AOA provided in the act.
Please note that from Jan 2014 onwards, the new rules will come into effect under Co Act 2013 as they get notified. So some of these may change soon
From India, Mumbai
2395The act only provides the minimum (2 for private and 3 for public ltd co)
A non stock holder / share holder can be a director if it is not disallowed by the Articles of Association.
There is no concept of stakeholder in Company Act.
If the articles of association is silent, you need to see Table A / Model AOA provided in the act.
Please note that from Jan 2014 onwards, the new rules will come into effect under Co Act 2013 as they get notified. So some of these may change soon
From India, Mumbai
Dears,
As per Companies Act,1956
Private Company:
Minimum two
No limit on maximum number of directors that can be appointed ( section 259 )
Public Company:
Minimum three
Maximum twelve ( section 259 says that number of directors can be increased beyond twelve by permission of central government )
Private Company that is a subsidiary of a Public Company:
Minimum two
Maximum twelve ( section 259 says that number of directors can be increased beyond twelve by permission of central government ).
From India, Chennai
As per Companies Act,1956
Private Company:
Minimum two
No limit on maximum number of directors that can be appointed ( section 259 )
Public Company:
Minimum three
Maximum twelve ( section 259 says that number of directors can be increased beyond twelve by permission of central government )
Private Company that is a subsidiary of a Public Company:
Minimum two
Maximum twelve ( section 259 says that number of directors can be increased beyond twelve by permission of central government ).
From India, Chennai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Board Members are Now Getting a Voice.pdf
Members.JPG