C.A. AS DIRECTOR IN A PVT LTD COMPANY WITH REMUNARATION
This query is : Resolved
R CHALAPATHI NAIDU
(Querist)
07 July 2008
HELLO GOOD MORNING,
1. WHETHER A PRACTICING CHARTERED ACCOUNTANT CAN BECOME A MEMBER OF BOARD OF DIRECTOR OF A PVT LTD WHERE HE IS NOT STATUTORY AUDIT OF THE SAME COMPANY.
2. CAN HE DRAW A REMUNARATION ON MONTHLY BASIS
WHAT IS HIS POSITION IN THE COMPANIES ACT AS WELL AS CHARTERED ACCOUNTANTS ACT POINT OF VIEW
REGDS
RCN
1. WHETHER A PRACTICING CHARTERED ACCOUNTANT CAN BECOME A MEMBER OF BOARD OF DIRECTOR OF A PVT LTD WHERE HE IS NOT STATUTORY AUDIT OF THE SAME COMPANY.
2. CAN HE DRAW A REMUNARATION ON MONTHLY BASIS
WHAT IS HIS POSITION IN THE COMPANIES ACT AS WELL AS CHARTERED ACCOUNTANTS ACT POINT OF VIEW
REGDS
RCN
Guest
Guest
(Expert)
07 October 2009
1. he can become non-executive or independent director only.
2. he can draw remuneration on sitting fee basis only.
He will be considered as expert appointed in the company & will not carry audit of the same company. He will not transact with company in any manner.
Moreover, the comapny is not creditor for more than Rs. 1000 from CA.
2. he can draw remuneration on sitting fee basis only.
He will be considered as expert appointed in the company & will not carry audit of the same company. He will not transact with company in any manner.
Moreover, the comapny is not creditor for more than Rs. 1000 from CA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- GST input credit on commercial property
- Gift to nri relatives residing in usa
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
