Section 128 of the New Companies Act, 2015, provides that:
- A Private company is required to have at least one director.
- A Public company is required to have at least two directors.
- Each company is required to have at least one director who is a natural person (IE not a holding company).
- All Directors must be over the age of eighteen, while a maximum age is not stipulated (Section 131).
NB: The Companies Act 2015 stipulates new procedures relating to directors’ accountability. For guides to the Companies Act 2015 please go to downloads page