Board Meeting and AGM of PVT Co.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2009 a private limited company (x Pvt Ltd) is a wholly owned subsidiary of y pvt ltd. Hence there is only one share holder of it. How to hold its AGM. What about the Quorum. Also it has only two directors who are also the subscriber Of the MOA & AOA on behalf of Y pvt Ltd. How to hold the board meeting. What about the chairman of the board meeting.

Ankur Garg

Ankur Garg (Expert)
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24 November 2009 Your query is not correct. A Private Company with 1 shareholder is not possible at any cost in the present company law. There should be at least one more nominee shareholder.

So re-check the status once again at your end.

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2009 There are two nominee share holders on behalf of that co. Should the share certificates be issued in the name of the nominee...... if yes .. will it be still a 100% subsidiary

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CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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24 November 2009 well the certificates will be issued in joint name ie. mr. x jointly with xys pvt. ltd. and still it will be a 100% subsidiary as this is a normal practice.

others views also invited.

Regards