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Section 25 Company - Minimum Number of Directors

Sudheendhra (Company Secretary) (24 Points)

22 September 2009

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) (114773 Points)
Replied 22 September 2009

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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