Can a Government employee be a Partner of firm or Company?
This query is : Resolved
19 July 2011
Dear Experts i need your valuable advice... A government employee wants join as a partner of a firm. Is it possible? If possible please advice how can he join. And one more query a government employee can be a director of PVT. limited company? If any posibility is there please guideme... Thanku every one...
19 July 2011
A Government Employee can be a Partner or Director however subject to restrictions. He can only be a sleeping partner and cant be a whole time or part time director. He can be a non-executive director. However such appointment as a director or becoming a sleeping partner may require the approval of the concerned department of the Government.
RAMESH KUMAR VERMA
(Expert)
19 July 2011
AGREE WITH THE EXPERTS.
https://www.mca.gov.in/Ministry/actsbills/pdf/Companies_Act_1956_Part_1.pdf
https://www.mca.gov.in/Ministry/actsbills/pdf/Companies_Act_1956_Part_1.pdf
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