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I have started business in partnership with my friends, We are total number of directors as 3, I was doing job firstly with one of the reputed company, then this two friends approch me and asked if I am interested of doing business together and said you will be taken on board of director with there existing pvt ltd firm (pvt ltd was incorporated in 2011, with two directors) The pvt ltd firm which they were having was just registered for few transections and was not having strong balance sheets, they were doing business in partnership firm.

Since the other two partners are having 50-50 Shares so they are the Shareholders of the Company. If they have not given you shares then you are not the shareholder of the Company. As discussed with you, they being Shareholder can appoint you in Board of Directors as Executive Director means where business will be running on your leadership and knowle...

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