Ceiling on no. of managing directorship
This query is : Resolved
Sada Abdulkarim Dalvi
(Querist)
30 August 2011
Is there any ceiling limit for being a managing director in more than one company.
31 August 2011
Dear Sada Abdulkarim Dalvi,
A person who can hold the post of MD in more than one company only and the condition is the company is a public co., or pvt co which is a subsidiary of pub co.
A person can hold any no. of MD post in a purely private co. there is no restrictions for the private co.
If a person wants to be more than two companies as MD in public and private then he/ she should apply for the central govt. approval.
A person who can hold the post of MD in more than one company only and the condition is the company is a public co., or pvt co which is a subsidiary of pub co.
A person can hold any no. of MD post in a purely private co. there is no restrictions for the private co.
If a person wants to be more than two companies as MD in public and private then he/ she should apply for the central govt. approval.
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