Managing Director of a Private Ltd Company


This query is : Resolved 

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This discussion clarifies whether a person can be appointed as a Managing Director of a Private Limited Company without holding any shares. The consensus is that while nominal shareholding might be required, the individual will definitely need to obtain a Director Identification Number (DIN) and adhere to any other relevant conditions.

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.

23 June 2023 No, nominal share holding required.
DIN required.

26 June 2023 We understand that nominal share holding reuired to become Managing Director since you put coma after No.

26 June 2023 Yes nominal share holding required. I said no to your first query.


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