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Minimum no.of directors

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(Querist)
17 March 2015 fall in minimum no. of directors of pvt Ltd company and run business with single director for 5 months. what is consequence for this non compliance of act? and related sections. thanks in advance
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
19 March 2015 A period of one year has been provided to enable the companies to comply with the requirement of minimum number of directors.Section 149 (2) of the Companies Act, 2013
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