Minimum no. of directors in pvt.ltd.

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2017 A Pvt. Ltd. company is engaged in the business of construction since 2010 with 2 directors since its inception. One of the director is retiring and the continuing director will handle all the affairs of the company. Another director is required to be appointed to comply with the minimum number of directors. Is it possible that the newly appointed director be appointed as Non-executive director with restricted control over the company and without his personal liability towards any default committed by the company? Please guide.

PS - The company exceeds the turnover limits for OPC and hence cannot opt for it.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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02 June 2017 Yes. Newly appointed director can be Non-executive director

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2017 Thanks for your advice

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