Percentage of shareholding in private ltd. co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2012
Dear all,
Can anyone suggest me that "is there any limit prescribed in the companies Act over the percentage of shareholding of a director of the Com."
"If a director is holding 50% or more shares of the company then what will be the consequence?"
Can anyone suggest me that "is there any limit prescribed in the companies Act over the percentage of shareholding of a director of the Com."
"If a director is holding 50% or more shares of the company then what will be the consequence?"
Ajay Mishra
(Expert)
11 December 2012
Hi
There is no maximum limit.
The provisions of become holding provisions will not apply if more than 50% paid up capital is held by director or any other Individual.
Director can hold any percentage of shares subject to the company's articles.
There is no maximum limit.
The provisions of become holding provisions will not apply if more than 50% paid up capital is held by director or any other Individual.
Director can hold any percentage of shares subject to the company's articles.
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