Dear All,
In a pvt. company there are two directors; one having 95% shareholding and other one is holding 5% shares. The Directors which is having 95% shareholding wants to appoint third director for which the existing Director ( having 5% shareholding) is not agree. please advise how to appoint the third Director.
Thanks.
The Shareholder having 95% of voting power (Here Director) Can rightfully appoint another director, Disagreement of 5% Shareholder will not effect such appointment. or Appoint 3rd as additional Director on yearly basis subject to paovisiones in AOA.
appointment him in general meeting
appoint*
Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
