Cute Garments Ltd., has recently obtained the status of dormant company. The Board of Directors seeks your advice about the required compliances in respect of the following: (i) Minimum number of Directors
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2019
Cute Garments Ltd., has recently obtained the status of dormant company. The Board of Directors seeks your advice about the required compliances in respect of the following: (i) Minimum number of Directors
Answer & Explanation:
In view of the provisions of Section 455 of Companies Act, 2013 read with Rule 3 to 8 of Companies (Miscellaneous) Rules, 2014, the Directors of Cute Garments Ltd., are required to carry out following compliances in respect of: Minimum Number of Directors A Dormant Company shall have such minimum number of Directors as required depending on the type of Company. Since Cute Garments Ltd is a Public Limited company, it needs to have at least 3 Directors.
Topics: Companies Act, 2013
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