Appointment of whole time director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2013
Since the Service tax is applicable on Non Whole time Director. So how may person can be appointed as a whole time director in Private & Public company.
Since the Sec. 269 is not applicable to private company, than a private company can appoint more than one WTD.
As per company Law "A Person can be appointed as a WTD in only One Company".
Kindly Tell me in Above line (Line in inverted Comma) Here company word is use for either for Public Company or Private Company or for both.
Kindly answer as early as possible.
Thank you.
Since the Sec. 269 is not applicable to private company, than a private company can appoint more than one WTD.
As per company Law "A Person can be appointed as a WTD in only One Company".
Kindly Tell me in Above line (Line in inverted Comma) Here company word is use for either for Public Company or Private Company or for both.
Kindly answer as early as possible.
Thank you.
09 May 2013
Yes A Person can be appointed as a WTD in only One Company. Any number of persons can be appointed as a whole time director in Private & Public company. There is no restriction as such.
However in public company one WTD is enough to comply with section 269. But more than 1 WTD can be appointed.
However in public company one WTD is enough to comply with section 269. But more than 1 WTD can be appointed.
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