Minimum directors requirement for dormant companies specifies minima for company types and exempts them from auditor rotation. Rule prescribes the minimum number of directors for a dormant company: a public dormant company must maintain three directors, a private dormant company must maintain two directors, and a One Person Company must maintain one director; the rule also exempts dormant companies from the Act's requirements on the rotation of auditors.
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Provisions expressly mentioned in the judgment/order text.
Minimum directors requirement for dormant companies specifies minima for company types and exempts them from auditor rotation.
Rule prescribes the minimum number of directors for a dormant company: a public dormant company must maintain three directors, a private dormant company must maintain two directors, and a One Person Company must maintain one director; the rule also exempts dormant companies from the Act's requirements on the rotation of auditors.
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