Can a Government employee be a Partner of firm or Company?

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Kanakarao (Querist)
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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...

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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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

RAMESH KUMAR VERMA (Expert)
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19 July 2011 AGREE WITH THE EXPERTS.

https://www.mca.gov.in/Ministry/actsbills/pdf/Companies_Act_1956_Part_1.pdf

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