Appointment of director

This query is : Resolved

Vivek bhat (Querist)
Follow

09 December 2017 Any one Pls Clarify whether a nominee Director can hold regular directorship under same company ? means two Directorship under same company. If can hold, kindly provide under which sec of companies act 2013, its is stated.
Kindly help me in this matter.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

11 December 2017 According to my view it is not possible. Nominee directors are usually appointed by the financial institutions or investors on the board of the borrower company for the purpose of representing and safeguarding their interest thereof. The intent of nominating a director in the borrower company is to supervise the functioning of the borrower company so as to safeguard the interest of the lending financial institution who has nominated the director.

Vivek bhat

Vivek bhat (Querist)
Follow

11 December 2017 Thank u for your suggestion Mr Mitesh Mehta. I want to take this to further more . If Financial institution or Investors give their consent for for holding two directorship , Then is it possible.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Namita Fule

Amit Yadav

Krishnan V

sriram deven

PARAS CHHAJED

Subscribe Now

Appointment of director

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Article Assistant

Accountant

GST CONSULTANT

Manager- Finance and Compliance