Whether a govt. servant can be a shareholder of private limited company?
Govt. servant can be shareholder in private limited company
VIKAS LAL PATEL (Practice) (77 Points)
26 August 2009
VIKAS LAL PATEL (Practice) (77 Points)
26 August 2009Whether a govt. servant can be a shareholder of private limited company?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 26 August 2009
Yes.
No restriction in law.
Arjun Mahadevan
(Practising Company Secretary)
(62 Points)
Replied 27 August 2009
A goverment servant can be a shareholder of a private limited company as there is no bar in law. But being a private company, the Board has to decide whether he needs to clarify his status. Government's do not bar a person from becoming a member.
Arjun mahadevan
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 27 August 2009
A Government Servant can be Shareholder of the Company whether it is a Public Company or Private Company.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 27 August 2009
If any law put any restriction then that would be against and contrary to the company law.
So A Government Servant can be Shareholder of any Public/Private Company.
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 27 August 2009
BUT THEN, CAN IT BE APPOINTED AS A DIRECTOR (WTD/PTD/OTHERWISE).............I THINK IT CAN'T????!!!
T
VIKAS LAL PATEL
(Practice)
(77 Points)
Replied 28 August 2009
It happened to my client , the Registrar has rejected form 1 by saying govt.servant cant be a subcriber to MOA
Krishna Marathe
(Business)
(47 Points)
Replied 13 September 2009
| Originally posted by :Ankur Garg | ||
SIr,
We are having patnership firm(Trading) since 2 years, doing well, and now wanted to go for manufacturing by forming a private limited company to get more persons & fund. Please suggest tthe procedure or any CA who can provide to complete procedure.
Thanks
Krishna
email: krishna.marathe @ gmail.com
ashok roy
(partner)
(22 Points)
Replied 15 July 2010
What is the procedure of revised annual return and what the fees (amount ) payable by us for the filling of revised for the annual meeting held on 30.09.2009. in which the transferred share during the period are not shown in the original return.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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