COMMON DIRECTOR IN HOLDING AND ASSOCIATES CO.
This query is : Resolved
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Pawan Singhal
(Querist)
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
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
CA R SEETHARAMAN
(Expert)
13 July 2021
It's Allowed as per both laws.
CS Divesh Goyal
(Expert)
20 July 2021
Director of Holding Company allowed to appoint as directors in associate Companies.
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