Executive directors in a private limited company

No it is not necessary to have executive directors as er companies act 2013.

Hi,

Managing directors are executive directors who are responsible for day-day functioning of the company. Hence, is it practically possible for a private limited company to not have even one executive director (like not even Managing director)? In their absence, who will take care of the company on a daily basis?

Thanks.

Hi,

Could you please provide a bit more clarity?

Hi,

Can you please help me with the second question as well?

 

Hi Matt,

Under Section 149 of Indian Companies Act, 2013, private limited companies are required to appoint atleast two directors on its Board of Directors. However, the Act is silent on whether such companies must have executive directors on its Board. 

In a situation where there is not even a single executive director on BoD, who takes care of the daily affairs of the company? Can a company function by having only non-executive directors on its Board of Directors?