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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?
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Ajay Mishra

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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?
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Ajay Mishra

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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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