Can all the shares be held by a person other than Directors in Pvt. Ltd. Co.???
2 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 25 January 2012
YES.. If AOA provide that director is not necessary to hold qualification shares than members can hold shares..
VIDHYA RAMPURIA
(LEGAL)
(72 Points)
Replied 25 January 2012
It is possible for that all the shares are held by person other than directors of the company.
Even if directors had subscribed for the shares at the time of incorporation, they are free to transfer them, provided AOA does not prescribe them to hold qualification shares.
Therefore, it is possible that all shares are held by person other than directors of the company.
Recent Topics
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
Related Threads
CAclubindia
