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Appointment Of Director

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(Querist)
11 August 2009 Can a Person appointed as a Director of Pvt Ltd company even if he has not subscibe shares of that company.What is d legal complince to be done.
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Ankur Garg

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Ankur Garg (Expert)
11 August 2009 Yes.

You can appoint such person as director f the company.

To become a director of the company it is not required to be a member/shareholder of the company.

Regards
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
11 August 2009 obviously, if AOA if the company does not specifically provides the same , a person need not to hold share of the compay, further if AOA provides of qualification , it must be arranged within 2 months of appointment.
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