Ila
Asked July 09, 2013

incorporating a company

  • 2 Answers
  • 95 Views

Is it necessary for a company 2 have minimum 2 directors ? I wanted to incorporate a company and for the reason I need to know if I can incorporate a company for only 1 director... only in the otherwise case I will include 1 more director.

Answers 2

Default avatar
Sankalp

Yes, there is a minimum requirement of directors for a private company. By your question i may infer that you are looking to incorporate a private company which requires minimum 2 directors. Section 252 of the Companies Act mandates this requirement and hence you cannot incorporate a company for 1 director, though you may go for proprietorship to start your business but it has very less advantages and greater liabilities compared to a private company.

Agree Comment 0 Agrees over 4 years ago


Please Login or Register to Submit Answer

Do you have a Will?
Why not create one now for free in under 10 minutes!

Get started now