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Pvt limited co

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(Querist)
19 November 2011 Respected Experts
Is it possiable that a person can hold 100% paid up equity share Capital of a Private limited Company
Again is it possiable that a person can hold the post of a director in a private limited company without holding any equity shares into that company
Thanks
Debashis Mandal
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Charu Srivastava

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Charu Srivastava (Expert)
19 November 2011 No,one person cannot hold 100% shares in a Private Company.A Private Company is formed with minimum two subscribers.Thats means there should be minimum two shareholders.

Secondly, Yes one can be a Director of Company without holding any Shares unless article states otherwise...
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Charu Srivastava

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Charu Srivastava (Expert)
19 November 2011 No,one person cannot hold 100% shares in a Private Company.A Private Company is formed with minimum two subscribers.Thats means there should be minimum two shareholders.

Secondly, Yes one can be a Director of Company without holding any Shares unless article states otherwise...
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