COMMON DIRECTOR IN HOLDING AND ASSOCIATES CO.

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This query is : Resolved

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This discussion clarifies whether an individual can simultaneously be a director in a holding company and its associated companies. The consensus is that this is permissible under both company law and IT regulations. Therefore, a director of a holding company is allowed to be appointed as a director in its associate companies without issue.

Pawan Singhal

Pawan Singhal (Querist)
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12 July 2021 CAN A PERSON IS DIRECTOR IN HOLDING CO. IS IT ALLOWED SAME PERSON DIRECTOR IN HIS TWO ASSOCIATES CO.
MR X AND MR. Y DIRECTOR IN ABC PVT LTD.

MR. X AND MR. Y DIRECTOR IN XYZ PVT LTD. ASSOCIATES CO. OF ABC PVT LTD
AGAIN MR. X AND MR. Y DIRECTOR IN WXY PVT LTD. ASSOCIATES CO. OF ABC PVT LTD

IS IT ALLOWED, OR ANY PROBLEM AS PER IT OR AS PER CO. LAW