The Companies Act, 2013 does not mandates a Private Company to appoint Managing director, Whole-Time Director or Manager. Only an Individual (living person) can be appointed as a Director in a Company. A body corporate or business entity cannot be appointed as a Director in a Company.
Every private company shall have at least 2 directors.
A company can appoint maximum 15 directors. A company may appoint more than 15 directors after passing a special resolution in general meeting and approval of central government is not required.
On the other hand, a one-person company requires at least one director.
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Note: This Post was last updated on January 21, 2023
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