PRINCE KUMAR (CS MANAGEMENT TRAINEE) (54 Points)
28 November 2012
I have a query:
Can a director be the Chairman of the Private Limited Company having 1 lac paid up Capital. If yes/No give the ref. of the Section.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 28 November 2012
The Board has to elect the Chairman of the meeting among themselves. Any member of the Board may be elected Chairman. A member may also be elected as Chairman for all the Meetings of the Board and he may also be designated as Chairman.
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