TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Approval Required for Increasing Directors in Public Companies Under Section 259 of Companies Act, 1956</h1> Section 259 of the Companies Act, 1956, mandates that any increase in the number of directors in a public company or a private company that is a subsidiary of a public company requires approval from the Central Government. Exceptions are made for companies existing before July 21, 1951, if the increase is within the permissible maximum as per their articles at that time, and for companies formed after that date, if the increase is within the permissible maximum upon initial registration. If the permissible maximum is twelve or fewer, no government approval is needed unless the total exceeds twelve directors.
TaxTMI 
TaxTMI 
