Director / MD
This query is : Resolved
Mukesh Kumar Tomar
(Querist)
15 October 2009
My Question is
1. what is the maximum no of companies (pvt.ltd. & public ltd.) a person can become whole time director / MD.
2. can person be the whole time Director in one or more co. and simultaneously CFO for other cos.
3. what should be the relation between 2 or more cos. to become a group of cos.
1. what is the maximum no of companies (pvt.ltd. & public ltd.) a person can become whole time director / MD.
2. can person be the whole time Director in one or more co. and simultaneously CFO for other cos.
3. what should be the relation between 2 or more cos. to become a group of cos.
CA SANJAY MUKHERJEE
(Expert)
15 October 2009
Read the article by Expert ankur Garg
https://www.caclubindia.com/articles/article_list_detail.asp?article_id=3368
https://www.caclubindia.com/articles/article_list_detail.asp?article_id=3368
15 October 2009
The companies act,1956 does not define a 'whole time director. However, explanation to section 269 states that the expression 'whole time director' includes a director in the whole time employment of the company. By virtue of the whole time employment, a whole time director cannot act as such in more than one company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Gift to nri relatives residing in usa
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
