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Discussion > Corporate Law > Others >

Section 25 Company - Minimum Number of Directors

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Company Secretary

[ Scorecard : 24]
Posted On 22 September 2009 at 11:17 Report Abuse

Dear All,

Kindly let me know the minimum number of persons required to set up a section 25 company as also the minimum number of directors therein?

Thanks and regards

CS Sudheendhra Putty


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Ankur Garg
Company Secretary and Compliance Officer

[ Scorecard : 109357]
Posted On 22 September 2009 at 13:01

Hi,

 

As per my opinion Directorship in section 25 company is governed by section 252 of the companies act, 1956.

If it is a private company then 2 directors and if it is a public company then 3 directors.

 

Type of section 25 company

A section 25 company, which is proposed to be registered with limited liability, may either be a public limited company or a private limited company as may be decided by the promoters.

No requirement of minimum paid-up capital

Requirement of minimum paid-up capital of Rs. 1.00 Lac for a private limited and Rs. 5.00 Lacs for a public limited company shall not be applicable to a company registered u/s 25 of the Companies Act, 1956.

However views of other learned members solicited.

 

Regards

 



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