Director & CEO


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2010 Can a CEO be on the Board Of Directors? And a Director can be the CEO of the Company? Is there any retrictions?

Ajay Mishra (Expert)
20 November 2010 Hi


There is no restriction in Companies Act, 1956 to appoint CEO as Director.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2010 Thanks Sir,

But what about Director as CEO. Is Section 314 applicable to it?

Ajay Mishra (Expert)
20 November 2010 Hi


Yes a Director act as CEO. If he draw remuneration as director and company intended to pay remuneration other than remuneration already take as director, in that case he/she will cover under section 314 of CA, 1956.

Regards


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