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Can a person hold 100% shares in Private Limited Company.

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(Querist)
23 December 2020 A person holds 99.99% share in a X PVT LTD and 0.01% by Y PVT LTD. in which he also holds 100% shares through individually or through other entity. Can it be legally possible?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 December 2020 No, minimum 2 shareholders are required.

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