Query
Priya jain (Article) (43 Points)
20 December 2015
can a co. have only non executive directors without having any executive one?
SUNIL KUMAR JAIN
(PRACTISING COMPANY SECRETARY)
(187 Points)
Replied 03 January 2016
Yes, Where is the mandatory requirement of having WTD/ED?
SUNIL KUMAR JAIN
(PRACTISING COMPANY SECRETARY)
(187 Points)
Replied 03 January 2016
Yes, Where is the mandatory requirement of having WTD/ED?
Hemant K
(36 Points)
Replied 05 January 2016
Hi Priya,
In pvt. compay its possible. For public companies pls. see Section 203 of CA 2013 together with notification dated 25th July, 2014.
Regards
Hemant
Hemant K
(36 Points)
Replied 05 January 2016
Hi Priya,
In pvt. compay its possible. For public companies pls. see Section 203 of CA 2013 together with notification dated 25th July, 2014.
Regards
Hemant
Priya jain
(Article)
(43 Points)
Replied 09 January 2016
Thankyou Sir.
Would u pls give me the legal support for the Pvt. Co.?
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 09 January 2016
I agree with the Fellow CCI...In private Company directors can be non executive.
Every listed and public company having paid up capital of 10 crores shall have whole time managerial.
Priya jain
(Article)
(43 Points)
Replied 10 January 2016
mam
I agree with you but when I have sent MGT-7 of a Pvt, co. for CS certification then he raised a query that its not possible even in case of a pvt. co. that it has no any Etxecutive director.
Now how can I support my view before him ?
CS Divesh Goyal
(Practicing Compnay Secretary)
(50220 Points)
Replied 13 January 2016
Ms. Priya,
1. It is not mandatory for the Companies to have Executive Director Except Every listed Company or public company having paid up share capital of Rs. 10 Crore.
2. Section 203 inforce the company to appoint executive Director.
3. Section 203 not applicable on the Private Limited Company.
You should make that CS understand this or ask him to show where its mention that its mandatory.
CAclubindia
