According to the companies Act, 1956 a Private limited company musthave at least andhellip;andhellip;andhellip;andhellip; directors.a)Sevenb)Threec)Twod)OneCorrect answer is option 'C'. Can you explain this answer?

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CA Foundation Exam > CA Foundation Questions > According to the companies Act, 1956 a Privat...

According to the companies Act, 1956 a Private limited company must have at least ………… directors.

a)
Seven
b)
Three
c)
Two
d)
One

Correct answer is option 'C'. Can you explain this answer?

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According to the companies Act, 1956 a Private limited company musthav...

- The Companies Act, 1956, stipulates that a private limited company must have at least two directors.
- Private limited companies are structured to have a minimum of two directors and a maximum of fifteen, unless increased by a special resolution.
- This requirement ensures that the company has adequate governance and oversight through the board of directors.
- Having a minimum of two directors helps in decision-making and provides checks and balances within the company's management.

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According to the companies Act, 1956 a Private limited company musthave at least ………… directors.a)Sevenb)Threec)Twod)OneCorrect answer is option 'C'. Can you explain this answer?

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