Minimum number of directors of a company

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Minimum number of directors of a company

Unread postby Admin » Thu Sep 27, 2012 1:37 pm

Minimum number of directors of a company. -

(1) Notwithstanding anything contained in any other law for the time being in force,-

(a) every single member company shall have at least one director;

(b) every other private company shall have not less than two directors; and

(c) every public company other than a listed company shall have not less than three directors,

appointed and elected in the manner provided in this Ordinance.

(2) Every listed company shall have not less than seven directors to be elected in a general meeting in the manner provided in this Ordinance.
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