Board of DirectorsWhat is the minimum number of directors for a private limited company, as mandated by law?1234
Question
Board of Directors
What is the minimum number of directors for a private limited company, as mandated by law?
- 1
- 2
- 3
- 4
Solution
In a private limited company, the minimum number of directors required by law typically varies by jurisdiction. However, in many places, the law mandates that a private limited company must have at least one director. This solitary director can also be a shareholder of the company.
It's important to note that while some jurisdictions may allow a single director, others may require more than one. Therefore, it's crucial to always refer to the specific company laws governing the region in which the private limited company is registered.
In summary, the general answer is that the minimum number of directors for a private limited company is usually 1, but it's advisable to verify the legal requirements relevant to your specific location.
Similar Questions
Limited liability for a company applies to the:Question 6Select one:a.managers.b.board of directors collectively.c.individual directors.d.shareholders.
A private company can have how many shareholders?Minimum of 1, maximum of 201Minimum of 1, maximum of 502Minimum of 1, no maximum3Minimum of 2, maximum of 20
K M Birla Committee suggested are that not less than ________ of the board should comprise of non-executive directors.a.0.33b.0.5c.0.4d.0.25
A corporation’s officers are appointed by the:Multiple Choiceboard of directorscompany presidentprimary stockholderstate in which the corporation operates
K M Birla committee suggested are not less than ___of the board should comprise of non-executive directors A.0.33, B.0.5, C.0.4, D.0.25.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.