I am the 10th partner in the partnership company with only 6% company share but I have invested more than 50% of total investment. So can I be MD of the company.
if yes Let me know the procedure.
Adv. Nikhil Seth (legal consultant (9867264707)) 11 January 2013
Your is a partnership company you neeed to convert partnership company into PVt ltd . company. You have to dissolve the partner ship and include all partners in company as director. You have to form pvt ltd . in that as per share capital and as agreed between directors you can become managing director of the company.
Amritesh Mishra (Advocate) 14 January 2013
First of all make it clear whether your entity is limited liability partnership or partnership simply.