The Companies Act, 2013 (the Act) requires every company to have at least three directors. However, there are some exceptions to this rule. For example, a One Person Company (OPC) can have only one director.
Multiple choice questions (MCQs) on the minimum number of directors in a company
- Which of the following companies is not required to have at least three directors?
- A public company
- A private company
- A One Person Company (OPC)
- A small company
- The answer is (c). An OPC is not required to have at least three directors. It can have only one director.
- A company has two directors. One of the directors resigns. How many directors does the company need to have?
- Two
- Three
- It depends on the type of company
- It depends on the decision of the board of directors
- The answer is (b). The company needs to have at least three directors. Therefore, it needs to appoint another director.
- A company is being wound up. How many directors does the company need to have?
- None
- One
- Three
- It depends on the decision of the liquidator
- The answer is (a). A company that is being wound up does not need to have any directors.
Answers
- (c)
- (b)
- (a)