Section 149 of CA 2013 – Section 149: Company To Have Board Of Di

The Companies Act, 2013

CHAPTER XI: APPOINTMENT AND QUALIFICATIONS OF DIRECTORS

Section 149: Company To Have Board Of Directors

(1) Every company shall have a Board of Directors consisting of individuals as directors and shall have -

a minimum number of three directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company; and
a maximum of fifteen directors: Provided that a company may appoint more than fifteen directors after passing a special resolution: Provided further that such class or classes of companies as may be prescribed, shall have at least one woman director.

(2) Every company existing on or before the date of commencement of this Act shall within one year from such commencement comply with the requirements of the provisions of sub-section (1).

(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days during the financial year: Provided that in case of a newly incorporated company the requirement under this sub-section shall apply proportionately at the end of the financial year in which it is incorporated;

(4) Every listed public company shall have at least one-third of the total number of directors as independent directors and the Central Government may prescribe the minimum number of independent d

Simplified Act

(1) Every company must have a group of people called a Board of Directors made up of individuals known as directors. The number of directors required is:

At least three directors for a public company.
At least two directors for a private company.
One director for a One Person Company.

A company can typically have no more than fifteen directors, but it can have more if the owners agree by a special vote and if certain types of companies have at least one female director.

(2) Companies that were already around wh

Explanation using examples

Imagine a scenario where a tech startup, "InnovateX", is transitioning from a private company to a public company due to its rapid growth and the need to raise more capital. As part of this transition, InnovateX is required to comply with the provisions of the Companies Act, 2013, including those related to the composition of i

Section 149 of CA 2013 : Section 149: Company To Have Board Of Directors

Bare Act

Simplified Act

Explanation using examples

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