Appointment of Director

This query is : Resolved

AVINASH KAMBLE (Querist)
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04 August 2010 If person is not having share in A Compnay. It is possible to appoint Director in A company. pls. explain what to do

Aditya Maheshwari

Aditya Maheshwari (Expert)
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04 August 2010 Can be made if allowed by the articles of the company.

Ankur Garg

Ankur Garg (Expert)
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04 August 2010 To be a director of a company shareholding is not mandatory...

In other words a person can become director of a company without holding any shares in the company.

Even articles can not put this kind of restriction read with section 9 of the companies act, 1956.

REgards

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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04 August 2010 Sir is the same applicable for all companies or only for private limited companies?

Just seeking clarification on above.