Dear All,
I am working in a Pvt Ltd company, team of around 20-30 employees. I am having one query regarding adding a new member in board of directors. Is is mandatory to give company share to every new director added on board? Can we appoint a director without giving him a company share?
From India, Nagpur
I am working in a Pvt Ltd company, team of around 20-30 employees. I am having one query regarding adding a new member in board of directors. Is is mandatory to give company share to every new director added on board? Can we appoint a director without giving him a company share?
From India, Nagpur
It is not mandatory to give the share for each & every directors of the company. There are many directors who are not the share holders of the company.
From India, Bangalore
633From India, Bangalore
As per Companies Act, 2013 Requirement of Qualification shares are dispensed off. As of Now every company is regulated under New Companies Act,2013 , Therefore even if the Articles of the company has share qualification, Now they can appoint the Director without having any shares. But various other rules to be followed in connection with it if the person to be appointed directly as Director . it is like deposit amount of Rs.1,00,000/- (Company rules) to be followed.
From India, Madras
From India, Madras
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PF query.doc