Can Chairman and Managing director be a same person

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This discussion clarifies that under the Companies Act 2013, the roles of Chairman and Managing Director can indeed be held by the same individual in an unlisted public company, provided its paid-up capital exceeds 10 crore rupees. This is distinct from private companies, where this is generally permissible.

MOHIT TANK

MOHIT TANK (Querist)
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23 September 2020 Under the companies Act 2013, can a chairman and Managing Director be a same person for a Unlisted Public company whose paid up capital is more than 10 cr. ? Please suggest.

Deesha Shah

Deesha Shah (Expert)
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23 September 2020 Private company does not falls under the purview of section 203, hence it can have MD and chairman to be the same person.

MOHIT TANK

MOHIT TANK (Querist)
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23 September 2020 Hi,
Thanks for your Reply, But i ask for Unlisted Public Company not Private Company. So Please once read Query than Revert it.

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