Answer By law4u team
To start a Private Limited Company in India, the minimum number of directors required is 2. For a Public Limited Company, the minimum number of directors is 3. Here’s a breakdown: 1. Private Limited Company Minimum Directors: 2 directors Maximum Directors: 15 directors (If more are needed, special resolution approval is required) Residency Requirement: At least 1 director must be a resident of India (someone who has stayed in India for a total of at least 182 days during the preceding year). 2. Public Limited Company Minimum Directors: 3 directors Maximum Directors: 15 directors (Again, more directors can be added with a special resolution) Residency Requirement: At least 1 director must be a resident of India. 3. One Person Company (OPC) Minimum Directors: 1 director Maximum Directors: 15 directors (like the other types of companies) Residency Requirement: The sole director must be a resident of India. Key Points: Directors of a company must be natural persons (not companies or entities). A director cannot be an undischarged bankrupt or a person convicted of certain criminal offenses. Directors are responsible for managing the day-to-day operations of the company and ensuring compliance with applicable laws and regulations. So, for a Private Limited Company, you need 2 directors as a minimum to start the business.
