Section 154: Minimum number of directors of a company

154. Minimum number of directors of a company.—(1) Notwithstanding anything contained in any other law for the time being in force, (a) a single member company shall have at least one director; (b) every other private company shall have not less than two directors; (c) a public company other than a listed company shall have not less than three directors; and (d) a listed company shall have not less than seven directors: Provided that public interest companies shall be required to have female representation on their board as may be specified by the Commission. (2) Only a natural person shall be a director.

Effective date: 2017-05-30

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