C.A. AS DIRECTOR IN A PVT LTD COMPANY WITH REMUNARATION
This query is : Resolved
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.
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