Shareholder right to become a director
This query is : Resolved
08 June 2012
In a private company if a shareholder has 25% holding, whether he can claim to be a director on the Board of the company?
08 June 2012
Hi
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.
Regards
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.
Regards
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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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Guest
Guest
(Expert)
08 June 2012
To be admitted as director of company, is not right of shareholder holding even 99% shares of the private company.
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