No. of directors/ directorships

Question 1

What is the min and max no. of directors and can the articles prescribe for a lower max limit?

Answer 1

Public co. 3 and 15
pvt co. 2 and 15
1-person 1 and 15
Articles can prescribe for lower max limit

Question 2

How to increase max. no of directors

Answer 2

2 spl resolution

• one to alter articles
• one to increase limits

Question 3

exception to maximum no. of directors and max. no. of directorships

Answer 3

Sec. 8 co. which has no default in filing annual returns and financial statements

Question 4

max. no. of directorships

Answer 4

total - 20 excluding dormant co.
total 10 public cos. including a prvt co. which is a holding or subsidiary of public co

Directorships including alternate directorships are considered

Question 5

can the members prescribe for lower max limit of directorships for a director

Answer 5

spl resolution to lower max limit of 20 or 10 cos.

Question 6

Are alternate and nominee and small shareholder dir. included in limit of 10 or 20?

Answer 6

All 3 yes