Swati Sharma (TRAINEE) (328 Points)
02 November 2017When 2 body corporate are promoters in incorporating a new Pvt Limited Company say Co. "ABC". Both the Body corporate are appointing one Director from Each side in the new co ABC. So Shall I designate them as Nominee Director in Co. ABC while filling Spice form??
Sor Shall just mention as Director
Madhwesh K
(272 Points)
Replied 02 November 2017
RAVI SAINI
(Company Secretary)
(84 Points)
Replied 03 November 2017
Is there any shareholder's aggrement entered between both the entities to nominate directors on the board of the new entity by the existing one? if Yes, than you can designate them as Nominee Director in ABC company.
Feni Shah
(Founder of Feni Shah & Associates and Visiting Faculty)
(53 Points)
Replied 04 November 2017
Just Director
Swati Sharma
(TRAINEE)
(328 Points)
Replied 06 November 2017
Yes there is JV Agreement entered between both the entities to nominate directors on the board of the new entity by the existing one.
But what is the diffrerence if I designated them as Nominee Director and Just Director
Madhwesh K
(272 Points)
Replied 06 November 2017
CAclubindia
