Every company is required to have certain numbers of directors in the company to constitute the Board as per the provisions of Companies Act, 2013. The criteria for numbers of Directors is differ for every type of company which is also prescribed in law. A private Limited Company shall consist atleast 2 director whereas a Public Limited and One Person Company shall consist atleast 3 and 1 director simultaneously. However every company can maximum 15 directors but for that a specific resolution need to be pass in the meeting of members. A person who is not disqualified in terms of provisions specified in the act can become director of the company.
Bringing a new person can help in providing new opportunities to business. This helps to ensure the business operates more successfully going forward.
Experience ensures that decisions are backed up with a real-life understanding of reacting and solving problems within a business.
Being able to tap into a network like that will open the doors of opportunity for business which helps in better growth of organisation.
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