share holding of director
This query is : Resolved
27 December 2010
Dear sir,
When a proprietorship concern is converted to private ltd. co., is there any stipulation that the minimum no. of shares the proprietor shall hold in the pvt. ltd. co. must be atleast 50% of the entire shareholding for a specified period.
Regards,
Jyothi
When a proprietorship concern is converted to private ltd. co., is there any stipulation that the minimum no. of shares the proprietor shall hold in the pvt. ltd. co. must be atleast 50% of the entire shareholding for a specified period.
Regards,
Jyothi
27 December 2010
No. There is no such requirement. However majority shareholding will vest him with majority decision making powers.
27 December 2010
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