Question ID :
Incorporation of Producer Company
Whether it is mandatory at the time of incorporation of Producer Company as per Section 581 of CA 1956 that all five directors must be appointed from 10 members or not?
If this is mandatory to appoint directors from members of producer company, please mention the rule or section in detail.
Answer ID :
CA Neha Gupta
Jul 01, 2020
Companies Act, 2013
It is mandatory to appoint directors from the 10 members.
CA. JHA SHANKAR KUMAR on
Aug 11, 2022