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C.S. CHANDANI SARUPARIA

C.S. CHANDANI SARUPARIA (Querist)

24 September 2010 can all the directors on the board be non executive directors

Ankur Garg

Ankur Garg (Expert)

24 September 2010 Yes it is possible.

However if you need to compulsory appoint MD/WTD as desired by section 269 then it is not possible.

For example in a small private co. where only 2 director required --- both can be NED.

Regards

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Ajay Mishra

Ajay Mishra (Expert)

24 September 2010 There is no specific provisions in Companies Act, 1956, that all directors of the company should be executive or non-executive. In case of private company minimum no of director should be two whether executive or non-executive and in case public company minimum no. of director should be three whether executive or non-executive.

Regards

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