Query - sec 149
This query is : Resolved
27 July 2015
As per sec 149 the maximum no. of directors a company can have is limited to 15.
Suppose the articles of association of abc Ltd provide that maximum number of directors in the company shall be 10. The broad of the said company now desires to increase the number of directors to 15. Can this be done? And also could you let me know if a special resolution for the same needs to be passed? and the procedure??
Many thanks in advance!
27 July 2015
For increasing the number of directors upto the limit (I.e, 15Nos), no approval of Central Govt is required. If it exceeds the limit, then only CG approval required.
Since the change will result in alteration of MoA/AoA, it should be complied with an EGM & Special Resoluton to be passed.
Since the change will result in alteration of MoA/AoA, it should be complied with an EGM & Special Resoluton to be passed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- FEMA regulation Act. for inward remitance
- Grand in aid
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
