I want to register a pvt ltd company, but since there is a requirement that there should be minimum 2 directors - i am forced to bring in a dis-interested person as a director just to satisfy this requirement.
For all practical purposes i alone will have to run the company
How does equity/share-holding work then? Can i clearly specify(how) that i own 100% equity of the company?
Section 2 (13) of the Companies Act, defines Director as any person, occupying the position of a Director, by whatever name called. At times Articles of Association may provide guidelines for appointing a Director but generally it is shareholders who decide that who will be able to run the business on their behalf successfully.
With the passing of Company act 2013, now a company can be made by an individual person, So you should no need to force any person to become a director of your company, you only can run your business perfectly with the name of one person company,