Company act 1956
This query is : Resolved
Amit Guleria
(Querist)
08 October 2011
what is the provision for minimum number of directors in private limited company which is a subsidiary of Public company?
As per the Section 256 , the company which is a subsidiary of public company , being liable to director retire by rotation , so if minimum number of directors is 2 than what will be the implication in this condition?
As per the Section 256 , the company which is a subsidiary of public company , being liable to director retire by rotation , so if minimum number of directors is 2 than what will be the implication in this condition?
CS Pawan Kumar Baid
(Expert)
28 October 2011
A company which is subsidiary of Public company is also called public company.
Hence you have to have 3 directors, of which 2 directors can be director liable to retire by rotation.
Hence you have to have 3 directors, of which 2 directors can be director liable to retire by rotation.
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