Shareholding agreement

Mudit Shukla (Querist) 19 November 2018 This query is : Resolved
Can Shareholding Agreement contain a clause for a particular shareholder to appoint directors, even if they are not majority shareholders?

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SHIRISH PAWAR, 7738990900 (Expert) 19 November 2018
No, you cannot mention clause in shareholding agreement that particular share holder will be appointed as director even when he is not majority share holder.

Dr J C Vashista (Expert) 20 November 2018
I agree with the expert advise of Mr. Shirish Pawar.
Show the MoU & AoA to a local Company Secretary for appreciation of facts, guidance and proceeding professionally.

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