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Ca as a director

Devina (Article) (111 Points)

24 April 2015

Can a practicing Chartered Accountant be a director in a private limited company??

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10 Replies

(Guest)

Yes, CA in practice can become director, but not MD or WTD.

Arpit Shah (Accountant) (21438 Points)
Replied 25 April 2015

Yes Ca can become director

CA Hitesh Popat (Professional) (40 Points)
Replied 25 April 2015

Yes, CA in practice can become Director Simplicitor. He cannot accept any remuneration except siting fees for attending board meetings. He cannot perform any day to day duties towards company.

Devina (Article) (111 Points)
Replied 25 April 2015

And whether permission of ICAI is required for acting as a non executive director?

Devina (Article) (111 Points)
Replied 25 April 2015

And whether permission of ICAI is required for acting as a non executive director?

CA Hitesh Popat (Professional) (40 Points)
Replied 25 April 2015

I don't think it is mandatory but informing ICAI is recommended. I took approval from ICAI as I was not aware of the regulations.

Soham (Learning ) (534 Points)
Replied 25 April 2015

On page 3 read clause (11)

Attached File : 212655 20150425155910 chapter 22 professional ethics pm.pdf downloaded: 178 times

sourabh (employed) (46 Points)
Replied 25 April 2015

CA in practice can engage in other business and profession. For some business there is general permission and for some specific permission is required. Becoming director is covered by general permission but ya as rightly said he cannot become MD/WTD.