Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
At least two directors and two members (shareholders); the same persons can be both. At least one director must have stayed in India for 182 days or more in the previous calendar year.
Detailed explanation
A private company can have up to 15 directors (more by special resolution) and up to 200 members.
Applicability
Private limited companies
Exceptions
A One Person Company needs only one member and one director.
Legal references
Sections 2(68), 149(1) and 149(3), Companies Act, 2013
Applicable period
Current
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