12 January 2012
We have 25% holding power in the private ltd. company and another group has 75% holding of shares. How can our group appoint director who represent us? Another group ristrict us for doing same is their any way to appoint director from our group?
Guest
Guest
(Expert)
12 January 2012
You atleast need 51% majority for appt of new director in board meeting.
12 January 2012
First of all check the Articles of the company. Generally in case of JV's like this composition of director is given. Say group holding X% of share may appoint ..... directors. In case article does contain any such restriction or power to appoint you need to have majority in order to appoint a new director as mentioned herein above by Neha Ji.
CAclubindia
