Formation of Pvt Comp with One Exec. and One Non-Exec Director

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Dear Friends,

Please let me know, can a private limited company be formed with One Executive and One Non-Executive Director. Are there any restrictions in th Act which says that a company has to have a minimum of two Executive directors.

Thanks and Regards

Hitesh

Replies (3)

Yes a private company can be formed with one executive and one non-executive director. The act does not provide any other restriction in the case of private company except that it shall have a minimum of two directors.

Min 2 with any combination:

1. Executive-Executive

2. Non-Executive-Non-Executive

3. Executive-Non-Executive

 

Many Thanks Friends


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