Is it mandatory that one of the director holds the major shares in private company?

[Parpella Kerala]

A director need not necessarily become the shareholder of a company. One can become the director even without holding shares.

A company secretary also need not necessarily become the director/ member of the board. It is the sole discretion of the company whether to appoint the company secretary in the board of directors or not.

For Company Registration in Kerala and Business Registration in Kerala, visit https://www.parpella.com