Minimum number of directors – Company’s obligation & consequences

• January 4, 2021
• CA Chandan Agarwal's Office

Background: The Report of the Expert Committee on Company Law observed that the Board of Directors (“Board”) of a company is central to its decision making and governance process. Board’s ability to ensure compliance with the law underpins the corporate governance structure in a company, the aspirations of the promoters and the rights of stakeholders. There should be an obligation on the part of a company to constitute and maintain a Board as per the provisions of the law and to disclose particulars of the directors so appointed in the public domain through statutory filing of information.

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