Can a Major shareholder of a company be an employee? If so, he should be paid as salary with all benefits as like other employees or as Consulting fees?
Please share if there is any document related to the above query.
From India, Pondicherry


I am unable to understand the context of your question. Being a major share holder, one can become a director and thereby become the managing director of the company. A managing director is an employee of the company but not to the extent so as to be entitled to preferential payments. Thus a managing director occupies the dual role of an employee as well as the director of the company. I think from the above answer, you can cull out the answers to your other queries. Better you can go through section 2(54) of the Companies Act,2013.
From India, Salem
From India, Mumbai
There is no issue an employee can have the shares of the company and can even the major shareholder of the company.
The employee continued to be an employee of the company with salary till he leaves the job. The share holding is nothing but an investment, so any individual can purchase these shares from the market and many a times company also allot shares among it's employee. The employee with major shares can be nominated as a Director or Managing Director or Chairman of the company on strength of his share holding. Your company secretary can give more details over the matter or Chartered Accountant to make you know each in details.
From India, Mumbai