share holding of director
This query is : Resolved
G.Jyothirmayi
(Querist)
27 December 2010
Dear sir,
When a proprietorship concern is converted to private ltd. co., is there any stipulation that the minimum no. of shares the proprietor shall hold in the pvt. ltd. co. must be atleast 50% of the entire shareholding for a specified period.
Regards,
Jyothi
When a proprietorship concern is converted to private ltd. co., is there any stipulation that the minimum no. of shares the proprietor shall hold in the pvt. ltd. co. must be atleast 50% of the entire shareholding for a specified period.
Regards,
Jyothi
Jayashree S Iyer
(Expert)
27 December 2010
No. There is no such requirement. However majority shareholding will vest him with majority decision making powers.
udit sharma
(Expert)
27 December 2010
Agreed with expert!
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