Private company Members
This query is : Open
19 September 2017
If shares held by directors, are directors considered in calculating the members of the private company
25 September 2017
YES Directors are considered while calculating members.
26 September 2017
One person can act as director as well as member in the company simultaneously and also act in different capacity at the same time. Hence, where a single person is both director and member in the company, the director will also be considered for calculation of number of members.
However, in case of Private Company, where the director holds the shares in the capacity of his/her employment in the company, the stated person will not be counted for calculating the threshold limit of 200 members. (As laid down under proviso to Section 2(68) - definition of Private Limited Company)
However, in case of Private Company, where the director holds the shares in the capacity of his/her employment in the company, the stated person will not be counted for calculating the threshold limit of 200 members. (As laid down under proviso to Section 2(68) - definition of Private Limited Company)
Message likes :
1 times
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
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
CAclubindia
