Right to appoint director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2012 We have 25% holding power in the private ltd. company and another group has 75% holding of shares. How can our group appoint director who represent us? Another group ristrict us for doing same is their any way to appoint director from our group?

Guest

Guest (Expert)

12 January 2012 You atleast need 51% majority for appt of new director in board meeting.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 January 2012 First of all check the Articles of the company. Generally in case of JV's like this composition of director is given. Say group holding X% of share may appoint ..... directors. In case article does contain any such restriction or power to appoint you need to have majority in order to appoint a new director as mentioned herein above by Neha Ji.

Guest

Guest (Expert)

13 January 2012 Yes, before taking any step, provisions of AOA should be checked.

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