Who controls a private limited companies?

shareholders
Private limited companies are owned by one or more individuals (human or corporate) known as ‘members’. The members of limited by shares companies are called shareholders. The members of limited by guarantee companies are known as guarantors.

Can there be 2 managing directors in a company India?

Company May Have More Than One Managing Director Section 2(24) of the Companies Act, 1956, on the other hand has defined the word manager’ as an individual who has the management of the whole or substantially the whole of the affairs of a company.

How many directors can a private company have?

two directors
Section 149(1) of the Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company. A company can appoint maximum 15 fifteen directors.

Can a company appoint 2 managing director?

Section 203 of the Companies Act 2013 depicts you cannot have two managing directors in a particular company. The Companies Act 2013 says that you cannot have two Managing Directors in a particular company. So, even after Private Limited Company Registration, a private company cannot appoint two MDs at the same time.

How many directors must a private limited company have?

one director
A private company must have at least one director and a public company two: sec152 CA 2006. There is no statutory maximum number of directors. At least one director must be a natural person: sec155. A person aged 16 or under cannot be a director: sec157.

Is a director the owner of a company?

Shareholders and directors have two completely different roles in a company. The shareholders (also called members) own the company by owning its shares and the directors manage it. Unless the articles say so (and most do not) a director does not need to be a shareholder and a shareholder has no right to be a director.

Who can be a director of a private limited company?

Only an Individual (living person) can be appointed as a Director in a Company. A body corporate or business entity cannot be appointed as a Director in a Company. A company can have a maximum of fifteen Directors – it can be increased further by passing a special resolution.