InvestorQ : how could become company director in public limited company.. and how much stake could give company..
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how could become company director in public limited company.. and how much stake could give company..

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Purvesh answered.
1 year ago


A director is a person who mainly directs the company. He abides the rule made by the governing bodies and follows the Act.
The recent ones seem to be Company Act, 2013. There are many directors in a company and they usually gather Quarterly to discuss the events happened last quarter and what's the plan for future. A director helps in incorporation & Postincorporation process. In a company, there are minimum 2 directors and which can go max to 15 + 200 shareholders. A director can be an ordinary, Executive, Professional, Nominee, Alternate or Managing director.
Also, to become a director of a company DIN number(Director Identification Number) is required. There are some basic requirements to become director of Private company.
1) Age limit - 21 Years and above.
2) Nationality - Not specific but one should be Indian.
3) All returns should be cleared & no criminal cases.
4) The person must not be director of another company.
To your question of % of shares - It depends upon the number of directors of the company. If there are 3 directors, then % of shares will be distributed as 33,33 & 34%.