Minimum number of directors :
Section – 252. (1) Every[public company (other than a public company which has become such by virtue of )] [***] shall have at least three directors :
[Provided that a public company having,—
(a ) a paid-up capital of five crore rupees or more;
(b ) one thousand or more small shareholders,
may have a director elected by such small shareholders in the manner as may be prescribed.
Explanation.—For the purposes of this sub-section, “small shareholders” means a shareholder holding shares of nominal value of twenty thousand rupees or less in a public company to which this section applies.]
(2) Every [other] company [***] shall have at least two directors.
(3) The directors of a company collectively are referred to in this Act as the “Board of directors” or “Board”.