I have a question with two parts
1)We are two promoters, promoting a company with a authorized share capital of 20Lacs. The two promoters are also the two directors in the company and each buys share worth 1 lac from the authorized capital. After the company is incorporated, how can we add additional investors and issue the remaining shares. Can anyone tell the procedure for doing that?
2)Suppose a investor could be added and one investor buys share worth 10 lacs from the authorized share capital and becomes the majority share holder. Will he/she become the director by default or there is some other procedure for the majority share holder to become the director?
CAclubindia
