Please do guide me for the below given issue. The case is that,Article specified total minimum no. of directors,5 and maximum no. of directors is 16.In the company,current no. of directors are 8.now company wants to reduce number of directors to 4(Which is above statutory requirement of 3)in this case,is it possible to alter the article and can reduce the number of directors to 4?If yes,then please do guide how?
02 March 2014
Sir Thanks to consider my question.bt here when article specified limit,first we need to alter article of company na?den we can proceed further to reduce number of directors.........please give response
CAclubindia
