How is the Board size of companies determined ?

Board size is an important determinant of board effectiveness. The size should be large enough to secure sufficient expertise on the board, but not so large that productive discussion is impossible. With regard to the Board size of companies, the applicable provisions are: Section 149 of the Companies Act, 2013 Clause 49 II A, B of Listing Agreement Section 149 (1) of the Companies Act, 2013 contains provisions regarding the composition of board of directors. It stipulates the minimum number of director as three in case of public company, two in case of private company and one in case of One Person Company. The maximum number of directors stipulated is 15. However, a company may appoint more than 15 directors after passing a special resolution in General Meeting.