Company matter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2012
can a director of a company be an consultant of the same company
CS Mitesh Mehta
(Expert)
10 January 2012
Yes a Director can render consultancy services for other companies
Guest
Guest
(Expert)
10 January 2012
Check provision of section 314 regarding holding of office or place of profit.
CS Mitesh Mehta
(Expert)
11 January 2012
It has been held by the Bombay High Court that where a director provides services by holding whole-time position under the company, he would be deemed to be the whole-time director & section 314 is not applicable in such a case.
But if director provides the services on a case-to-case basis or on regular or retainer basis , section 314 is prima facie applicable.
But if director provides the services on a case-to-case basis or on regular or retainer basis , section 314 is prima facie applicable.
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