Appointment of a director as md in 2 pvt. ltd.cos.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2012
Dear all,
i am need of help,
kindly answer whether a Managing director of a private co. be appointed as a managing director of another private company?
Thanks in advance..
i am need of help,
kindly answer whether a Managing director of a private co. be appointed as a managing director of another private company?
Thanks in advance..
Shudhanshu Agrawal
(Expert)
20 November 2012
Provisions of section 316 of Companies Act, 1956 does not apply on private company. Hence a person can be appointed as MD in more than one private companies which are not subsidiary of any public company.
CS Ankur Srivastava
(Expert)
21 November 2012
He may be appointed as MD in two and only two public companies by way of passing board resolution only.
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