Minimum no. of members in pvt. ltd. co.
This query is : Resolved
24 November 2011
THE MINIMUM NO. OF MEMBERS IN A PRIVATE LTD. CO. IS 2 BUT IF A COMPANY IS HAVING 100% OF SHAREHOLDING IN ANOTHER CO. THAN IT IS VALID?
WHY?
WHY?
24 November 2011
Section 45 of the Companies Act, 1956 states that there shall be atleast 2 members incase of Private limited Company.IF the Company constinues to carry on business with fewer than 2 member, the members shall be severally liable for tha payment of whole debts and can be sued.
So A company cannot hold 100% shares in the company.
Secondly, there is also a violation of Section 174 of the Companies Act, 1956, which says that quoram for a General meeting should be 2 and 7 for private Company and public Company as the case may be.
So A company cannot hold 100% shares in the company.
Secondly, there is also a violation of Section 174 of the Companies Act, 1956, which says that quoram for a General meeting should be 2 and 7 for private Company and public Company as the case may be.
Message likes :
1 times
24 November 2011
Agree with expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- Minimum tax payable to file Updated return
- UDIN ISSUE
- Need Professional Opinion AY 2012-13 Old Demand
- Salary from Qatar in Dollars in India
- New GST registration for new place of business.
- TDS on purchase of under construction property from a reseller
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
