pvt ltd
This query is : Resolved
NITU SHEKHAR
(Querist)
29 July 2010
In a pvt ltd company if one of the director holds the post of Chairman and Managing Director, how it will affect the authority of other director over the functioning of the Company if the Company has only two members board?
Jagruti (CS)
(Expert)
30 July 2010
Director who is MD will have more authority & power in the functioning of the Company.
Also in every board decision, majority is required i.e. being 2 director on Board if both do not agree on any matter than MD will have power to decide as Chairman has a casting vote in case of equality on voting at meeting.
In short the director who is Chairman will have more power than other director
Also in every board decision, majority is required i.e. being 2 director on Board if both do not agree on any matter than MD will have power to decide as Chairman has a casting vote in case of equality on voting at meeting.
In short the director who is Chairman will have more power than other director
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital Gains Tax on Inherited Mutual Fund
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
