My grammar is 💯 good I
7296 Points
Joined March 2019
Can shareholder of section 8 company be a director of the same?
Yes, there is no specific prohibition on such appointment as director.
Can a Section 8 Company be amalgamated with a company which is not a Section 8 Company?
No. Section 8(10) provides that a company registered under section 8 shall amalgamate only with another company registered under section 8 company and having similar objects.
In view of section 8(10), Section 8 Company cannot be amalgamated with a company which is not a Section 8 company.