In case of private company section 257 will not apply and it will totally govern by its articles.
For appointment of director there is no criteria for holding of minimum percentage of shares so it will depend on Board to appoint such person as director or not.
08 June 2012
Dear Friend, the appointment of directors in a private company governed by Articles of Association of the private company. Provided that what is not excluded from Table A. There is no such shareholding requirements. Thanks
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