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of <h1>Companies Must Appoint Minimum Directors; Public Firms Need Independent and Woman Directors Per Section Rules</h1> Every company must have a Board of Directors with a minimum of three directors for public companies, two for private companies, and one for One Person Companies, with a maximum of fifteen directors unless a special resolution allows more. Certain companies must include at least one woman director. Companies must have at least one director residing in India for at least 182 days in the previous year. Listed public companies require one-third independent directors, who must meet specific criteria regarding integrity, independence, and lack of significant financial ties to the company. Independent directors serve up to five years, with potential reappointment after a three-year gap. They are liable only for acts they were aware of or consented to. Independent directors are not subject to retirement by rotation.
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