Shareholder right to become a director
This query is : Resolved
08 June 2012
In a private company if a shareholder has 25% holding, whether he can claim to be a director on the Board of the company?
08 June 2012
Hi
In case of private company section 257 will not apply and it will totally govern by its articles.
For appointment of director there is no criteria for holding of minimum percentage of shares so it will depend on Board to appoint such person as director or not.
Regards
In case of private company section 257 will not apply and it will totally govern by its articles.
For appointment of director there is no criteria for holding of minimum percentage of shares so it will depend on Board to appoint such person as director or not.
Regards
Message likes :
1 times
08 June 2012
Dear Friend, the appointment of directors in a private company governed by Articles of Association of the private company. Provided that what is not excluded from Table A. There is no such shareholding requirements. Thanks
Message likes :
1 times
Guest
Guest
(Expert)
08 June 2012
To be admitted as director of company, is not right of shareholder holding even 99% shares of the private 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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Which ITR To be filed by dentist
- Section 194JA & JB Income which ITR Form to use
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
