Ca director of a company

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Alok Sharma

Alok Sharma (Querist)
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06 May 2014 a CA doing job can he also be a director of a company

Sandeep Dharar

Sandeep Dharar (Expert)
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06 May 2014 Yes, but remember he should not be a full time director in the company.

Sandeep Dharar

Sandeep Dharar (Expert)
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06 May 2014 But if he is appointed in the same company in which he is employed then it is possible.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 May 2014 agreed with sandep's view...........

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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

Sandeep Dharar (Expert)
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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

Nikhil Kaushik (Expert)
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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...

Sandeep Dharar

Sandeep Dharar (Expert)
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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

Nikhil Kaushik (Expert)
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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

Sandeep Dharar (Expert)
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06 May 2014 If u dont mind, can u send me a link for that? I wana confirm myself.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 May 2014 link for what?? ??????

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