Hello Seniors, requesting your knowledge on the Company Law side. Please throw some light on these questions.
1. Can a person currently in U.S be the Chairman of a company in India (the person is employed in a high profile bank in NY)?
2. Does the Chairman need to hold the majority shares for being eligible for the post (Pvt. Ltd Company, India) ?
3. If a Director holds 80% of shares of a Pvt. Limited Company will he be liable for 80% of liabilities?
4. Will it be an odd measure to appoint someone as the 'Chairman and C.E.O', in a director board with a strength of 2 (or 3) members. I ask for normally we see it is M.D & C.E.O?
Thanks for your kind advice and time in advance.
1. Can a person currently in U.S be the Chairman of a company in India (the person is employed in a high profile bank in NY)?
2. Does the Chairman need to hold the majority shares for being eligible for the post (Pvt. Ltd Company, India) ?
3. If a Director holds 80% of shares of a Pvt. Limited Company will he be liable for 80% of liabilities?
4. Will it be an odd measure to appoint someone as the 'Chairman and C.E.O', in a director board with a strength of 2 (or 3) members. I ask for normally we see it is M.D & C.E.O?
Thanks for your kind advice and time in advance.