Ca director of a company
This query is : Resolved
Alok Sharma
(Querist)
06 May 2014
a CA doing job can he also be a director of a company
Sandeep Dharar
(Expert)
06 May 2014
Yes, but remember he should not be a full time director in the company.
Sandeep Dharar
(Expert)
06 May 2014
But if he is appointed in the same company in which he is employed then it is possible.
06 May 2014
agreed with sandep's view...........
Nikhil Kaushik
(Expert)
06 May 2014
disagreed with all...only COP holders have the restriction on being director simplictor. rest of the CAs (job holding CAs) can practically do anything.
Sandeep Dharar
(Expert)
06 May 2014
But Nilhil if a CA is working in company A then how can he become director in Company X, Y or X??
Nikhil Kaushik
(Expert)
06 May 2014
that depends on the employment contract. there are hundreds of directors who are on board of companies (included listed ones) but are on payrolls of some other company. The matter of fact is ICAI act doesn't restrict non-practicing CAs to hold
directorship - executive or non-executive.
the Companies act restrict only Managing directors to hold MD position at more than one company without certain approvals...
directorship - executive or non-executive.
the Companies act restrict only Managing directors to hold MD position at more than one company without certain approvals...
Sandeep Dharar
(Expert)
06 May 2014
But can he/she b full time Director? I think as per ur case he/she can only b part time? Is i m ri8?
Nikhil Kaushik
(Expert)
06 May 2014
as said for MD there are restrictions, even that is manageable by following prescribed procedure. Except for that there are several executive directors who hold executive directorships are multiple places.
Sandeep Dharar
(Expert)
06 May 2014
If u dont mind, can u send me a link for that? I wana confirm myself.
Nikhil Kaushik
(Expert)
06 May 2014
link for what?? ??????
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