Single Director Company

Originally posted by : Love Kumar
	Please clarify me the concept of single director company. Soon...........

 Hi Kumar

The concept of Single Director is not applicable in India, as a pvt co has to have min 2 directors.

This concept if am not wrong is applicable in Australia.

Following is the meaning of single director.

 "A Single Director company is possible and is run solely by that Director/member. Companys have "Members" who are shareholders, and also "Directors" who are "Officeholders" and usually The Directors are shareholders,(members). Directors do not necessarily have to own shares in the company. and therefore not a member, but an Officeholder; generally running the company for the benefit of the shareholders.".

You can refer the following link for your ref:

https://www.shelfcoys.com.au/

Experts view appreciated.

regards

Santosh Shah