Types of Permitted Business Establishments

Note:

Resident Director: Sec 149(3) – Every company should have at least one director who has stayed in India for a total period of not less than 182 days in the financial year.

*Company may appoint more than fifteen directors after passing a special resolution, further provided that such class or classes of  companies as may be prescribed, shall have at least one woman director (Rule 3 of The Companies (Appointment and Qualification of Directors) Rules, 2014).

**In case of public issue