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Questions › Category: CA-Final Consolidated Financial Statements › 437
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Siddhartha JainSiddhartha Jain asked 4 years ago

Is 10% shareholding minimum for control over the composition of Board?

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RaviRavi Staff answered 4 years ago

no, there is no 10% rule or criteria
point is we can control BOD by having powers to appoint or nominate majority of directors either because of law or contracts even in share holding is below 50% and thereby control whole company