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Does a private limited company must need majority share holder?
10-Mar-2023 (In Corporate Law)
i need to know 1. is it possible for a pvt limited company to hold 33% :33%:34% share among 3 directors. 2. Or 51 % : 25%:24 % is good. Is there any rule "A pvt limited company must need a majority share holder.There should not have equal percentage of majority shares". ?
There is no rule for distribution of shares among the directors of a private limited company. In a private Limited Company shares can be distributed according to the will of the directors. A director having percentage of share of 51% or higher will have majority control over the company.
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Adv. Chikirsha Mohanty
Delhi | 200+ Answers
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