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Companies Act, 2013 · Chapter XI · Appointment and qualifications of directors

Section 149 of the Companies Act, 2013 Company to have Board of Directors

In force Change proposed — not yet law

A change is proposed to this section. The Corporate Laws (Amendment) Bill, 2026 (Bill No. 85 of 2026) would amend section 149. It was introduced in Lok Sabha on 23 March 2026 and referred to a Joint Parliamentary Committee, which presented its report on 3 August 2026. It is not law, and the section applies as it stands until a passed Bill is notified. Bill summary on PRS India.
Plain-English explainer coming. We add explainers in order of how often a section is looked up. Until this one is written and checked, the quickest route is the official text of the Act on India Code. If you need this section explained for your company now, tell us and we will prioritise it.
Official text on India Code ↗ Ask us about section 149

Related sections

Sections this one refers to:

197Overall maximum managerial remuner...198Calculation of profits152Appointment of directors

Sections that refer to this one:

134Financial statement, Board's repor...135Corporate Social Responsibility150Manner of selection of independent...169Removal of directors
← Previous section148. Central Government to specify audit of items of cost in resp... Next section →150. Manner of selection of independent directors and maintenance...

Section number, heading and status: Companies Act, 2013 as consolidated on India Code (amendments to about 2020–21). General information, not legal advice; confirm on the official sources before relying on a provision.

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