Yes. There is no rule which says Directors of the company should be a shareholder. Hence, you can add anyone who is not even a Shareholder as a Director of your company. In fact, it is a good corporate practice to have one or two independent Directors on board.
Directors of the company can be appointed as Additional Director or Director. Additional Directors can be appointed by only the Board of Directors without approval from Shareholders. These Directors has a tenure only till the end of the financial year. These Additional Directors have limited powers and responsibilities.
Yes. The tenure of the Additional Directors can be extended in Annual General meeting for subsequent financial year. At the end of the financial year, these Additional Directors should compulsorily resign from the board.
Any private limited company can have a board with a maximum of 15 Directors. So you can add up to 13 more directors to your Company’s board
Yes. There is no rule which says Directors of the company should be a shareholder. Hence, you can add anyone who is not even a Shareholder as a Director of your company. In fact, it is a good corporate practice to have one or two independent Directors on board.
Directors of the company can be appointed as Additional Director or Director. Additional Directors can be appointed by only the Board of Directors without approval from Shareholders. These Directors has a tenure only till the end of the financial year. These Additional Directors have limited powers and responsibilities.
Yes. The tenure of the Additional Directors can be extended in Annual General meeting for subsequent financial year. At the end of the financial year, these Additional Directors should compulsorily resign from the board.
There must be a Minimum of two Directors for private or minimum three Directors for public companies. At least one of the Director should be an Indian Resident
Dividend is members’ Share of the Profit. By definition, a Section 8 Company is a Charitable organization/not-for-profit company. Hence a Section 8 Company cannot distribute dividends to its members.
There must be a minimum of two members for private or minimum seven members for public companies. In a Section 8 Company, there is no concept of members. The ownership of the company is divided among the Members of the company.