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Managing Director of a Private Ltd Company

This query is : Resolved 
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(Querist)
23 June 2023
Whether a person can become a Managing Director of a Private Ltd Company without share holding? If so, whether he has to obtain DIN and conditions if any.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 June 2023 No, nominal share holding required.
DIN required.
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Chandra Kala

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Chandra Kala (Querist)
26 June 2023 We understand that nominal share holding reuired to become Managing Director since you put coma after No.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 June 2023 Yes nominal share holding required. I said no to your first query.
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