Director

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 Hi All,

I am a director in one co "X" and i am planning to start one more comapny "Y"

In "Y" I m a Director

and "X" is share holder

Is this possible

Thanks in advance.


21 July 2010 Yes It can be possible.

21 July 2010 Yes sir this is 100% legal and very much possible. The combination mentioned by you is possible.

A person can be a director of maximum 15 companies at a time as per section 275.

Regards

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 But i have a directorship in more than 20 pvt ltd compnies

21 July 2010 for the purpose of section 275 private limited company is not taken into consideration. Only public limited companies are counted

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 Thank u all


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