Directors in a Company
Querist : Anonymous
Please inform whether all the directors can be corporates in a company or atleast any one/two of directors has to be individual.
All directors of the company should must be an individual. Only Individual can be appoint as director and company/body corporate are prohibited to be appoint as director.
Regards
According to section 253 No body corporate, association or firm shall be appointed director of a company, and only an individual shall be so appointed.
Regards
Querist : Anonymous
Now, please also confirm whether 100% of shares of a company can be held by Body corporate or is it necessary/compulsory for individuals/directors to hold some shares.
So 100% cannot held by a body corporate.
Querist : Anonymous
Can u please inform the relevant section
Thanks & Regards
Provided that no Company shall appoint or re-appoint any individual as Director of the Company unless he has been alloted a Director Identification Number (DIN) under section 266B of the said Act.
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