Q: Should the director be a resident of India ?

Ans: The Companies Act, 2013 (the 'Act) fixes a minimum and a maximum number of directors a company can appoint. Under the Act, a private company is required to appoint at least two directors; while a public company must appoint at least three directors and a One Person Company (OPC) is required to appoint at least one director. A company can appoint a maximum of 15 directors (a maximum of 12 directors were allowed under the Companies Act, 1956). It is possible for a company to increase the number of directors beyond 15 by passing a special resolution to this effect. Moreover, one of the directors of the company must be resident in India, that is, he must have stayed in India for a period of not less than 182 days during the financial year.

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Q: Discuss Section 152(1) of companies act, 2013 ?

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