Sreevesh R (Nil) (24 Points)
30 November 2012Hi,
A Private limited company with only 2 directors having the following shareholding pattern
Director A - 85% of share
Director B - 15% of share
1. Can Director A appoint one more director with out the concert of the Director B?
2. What are all the powers the Director A have due to the majority shares in the company?
Thanks in advance for your kind time to answer this question.
Best regards,
Sreevesh. R
sangram ghatge
(company secretary in practice)
(198 Points)
Replied 30 November 2012
dear sreevesh,
director A holds 85% shares. hence he has all the powers. he can take any decision on his own without the consent of director B. but now without the knowledge of director B.
director A will have to give notice of meeting to director B. quorum requirements need to be satisfied.
regds,
sangram 9422622828.
CAclubindia
