Cop and directorship

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2011 Hi
I am a recently qualified CA having a sole prop firm with full time COP. But due to lack of work, I am also desirous of working in my family business and hence, would like to become a part of our Pvt Ltd Co.
But there is this issue of directorship. Can I become a director of a Co. in which max shares are held by my family members?
Or should I work as an employee and in that case, full time or part-time?
Kindly guide me the way through this problem.. and also tell me what application forms are to be submitted in this concern...

Thanks

Maninder Jain

Maninder Jain (Expert)
Follow

12 October 2011 The best way in my opinion is to provide professional services to the company and take professional fees.

In such case you would continue to earn Income under head PGBP.
For practicing CAs it is harmful to show income from salary as well as PGBP

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2011 And if I wish to become a director so that I can take care of business too??

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2011 And can I render professional services like Accounting to my family business?

And fees should be paid by a cheque named in my CA firm's name?

Vikas

Vikas (Expert)
Follow

12 October 2011 Agree with co-expert. It is better to provide professional service and receive fees in the name of your firm. You can take care of business as a professional too.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jeegar Valera

Dhananjay Patil

Manik Anant Kale

nandeesh mashyal

Vinod Selv

Subscribe Now

Cop and directorship

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA