22 November 2010
sir,one pvt ltd company was established with two nos of lifetime directors.However director X holds 55 percent and director Y holds 20 percent of shares.Rest of the shares are held by other share holders.My question is ...(1)in case two more directors are brought on board ,will the two new director have powers equal to the powers of the two founder directors? (2)In what matters X will have more power than Y in case of a tie in the board decision(considering only two member board)
CAclubindia
