Does a person need to be a share holder, for being appointed as a director in a Pvt. Ltd. Company.
also
Does a person need to be a share holder, for being appointed as a Additional director in a Pvt. Ltd. Company.
3 Replies
Rekha Sharma
(Company Secretary)
(167 Points)
Replied 14 July 2008
A director need not be a member / shareholder of the company unless the AOA of the company requires that a director must hold certain shares ( Minimum share qualification cluase in the AOA)
vasudha sharma
(CA)
(28 Points)
Replied 14 July 2008
Act dosen't require a director to hold shares of the company before accepting the appointment. Only if the articles of the company require a director to hold qualification shaes, then he needs to hold the shares of the company
Satyendra sahu
(service)
(216 Points)
Replied 15 July 2008
Hi Prabhu,
I am completly agree with rekha and vasudha.
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