Board Meeting and AGM of PVT Co.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2009 a private limited company (x Pvt Ltd) is a wholly owned subsidiary of y pvt ltd. Hence there is only one share holder of it. How to hold its AGM. What about the Quorum. Also it has only two directors who are also the subscriber Of the MOA & AOA on behalf of Y pvt Ltd. How to hold the board meeting. What about the chairman of the board meeting.

Ankur Garg

Ankur Garg (Expert)
Follow

24 November 2009 Your query is not correct. A Private Company with 1 shareholder is not possible at any cost in the present company law. There should be at least one more nominee shareholder.

So re-check the status once again at your end.

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2009 There are two nominee share holders on behalf of that co. Should the share certificates be issued in the name of the nominee...... if yes .. will it be still a 100% subsidiary

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
Follow

24 November 2009 well the certificates will be issued in joint name ie. mr. x jointly with xys pvt. ltd. and still it will be a 100% subsidiary as this is a normal practice.

others views also invited.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

saurabh sawlani

atul kumar soni

office docs

Sreekumar J Pai

MURALIKRISHNA EDDANAPUDI

Subscribe Now

Board Meeting and AGM of PVT Co.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA