Public Company Minimum number of 3 Directors
A company is a legal entity that needs a material person for managing, controlling, directing, and supervising the affairs of the company. In a Private Limited Company, Directors play the main role in its functioning. Directors take the regular decisions for business operations. Directors are the key person on whom the Shareholders of the company trust for their invested money. Recruitment of Directors is required for a company from time to time based on the requirements of the shareholders of the business.
Public Company Minimum number of 3 Directors
A Director of a company can give resignation from the office by giving a notice in writing to the board of the company under Section 168(1) of the Companies Act 2013 and the Board is required to intimate the ROC of such notice within 30 days in Form DIR-12. In case the Director chooses, he/she may also send a copy of the resignation letter to the ROC along with the reasons for resignation using form DIR-11.
A company may need to increase its authorized share capital before issuing new equity shares and increasing paid-up capital. Authorized share capital is the total value of shares a company can issue, while paid-up capital is the total value of shares the company has issued.
An Articles of Association must have a clause for an increase in authorized capital.
Shareholders’ approval is a must.
The registered office of a company can also be a residential property.
The registered office cannot be vacant land or a building under construction.
The name and address mentioned in the Proof of address should match the NOC Certificate from Landlord and the Rental Agreement.
A registered office cannot be situated outside India.
All books of accounts must be kept at the registered office of the company.
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