What is the minimum requirement for the governance of a private limited company?

A private limited company is required to have at least one director as part of its governance structure. This is essential because directors are responsible for managing the company and ensuring compliance with legal obligations. The presence of at least one director ensures that there is someone accountable for the decisions made on behalf of the company.

The other choices present governance structures that are either more than what is legally required or pertain to different contexts. For example, having a minimum number of shareholders or independent non-executive directors may enhance governance and oversight but does not meet the basic legal requirement for forming a private limited company. Likewise, requiring a specific number of board members may align with best practices in corporate governance but is not mandated for private limited companies. Thus, the requirement for at least one director is the fundamental necessity for ensuring that the company has leadership in place.