Please clarify me the concept of single director company.
Soon...........
2 Replies
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 03 February 2011
| Originally posted by : Love Kumar | ||
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Please clarify me the concept of single director company. Soon........... |
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Hi Kumar
The concept of Single Director is not applicable in India, as a pvt co has to have min 2 directors.
This concept if am not wrong is applicable in Australia.
Following is the meaning of single director.
"A Single Director company is possible and is run solely by that Director/member. Companys have "Members" who are shareholders, and also "Directors" who are "Officeholders" and usually The Directors are shareholders,(members). Directors do not necessarily have to own shares in the company. and therefore not a member, but an Officeholder; generally running the company for the benefit of the shareholders.".
You can refer the following link for your ref:
Experts view appreciated.
regards
Santosh Shah
Jaideep
(Service)
(1368 Points)
Replied 03 February 2011
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Originally Posted by : Santosh Shah The concept of Single Director is not applicable in India, as a pvt co has to have min 2 directors. |
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