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Board meetings

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(Querist)
01 July 2012 Maximum 2/3 directors are appointed by shareholders and maximum 1/3 directors are appointed by providers of finance. Is this provision applicable to a private company?
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ARUN KUMAR MAITRA

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ARUN KUMAR MAITRA (Expert)
02 July 2012 Appointment of directors in a company is governed by the provisions contained in its AoA to be read with the Companies Act,1956.

The above provisions are equally applicable to a public as well as a pvt. ltd. company.
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