Director of Pvt.ltd.
This query is : Open
29 December 2010
1.whether full time employee of XYZ Co.is eligible to become director of ABC Pvt.Ltd.Company?
2.If yes can he become Executive director?
3.Any restrictions for being director of Pvt.Ltd.Company.
4.Whether out of two directors at least one should be Executive director?
2.If yes can he become Executive director?
3.Any restrictions for being director of Pvt.Ltd.Company.
4.Whether out of two directors at least one should be Executive director?
29 December 2010
A Full time employee can become director in the same company. He can also be appointed as a non-executive director in another private limited company.
Message likes :
1 times
29 December 2010
Hi
Yes, you can appoint an employee as director of the private company.
Regards
CS Ajay Mishra
Hi
Yes, you can appoint an employee as director of the private company.
Regards
CS Ajay Mishra
29 December 2010
agreed with above expert
30 December 2010
Yes he can be appointed as non-executive director of a private limited company, however subject to the terms of appointment of XYZ Co. Generally the appointment letter of wholetime employee contains restrictions as to accepting another employment.
30 December 2010
1.As explained above employee of XYZ Pvt.Ltd. can not become ED of ABC Pvt.Ltd.but is it compulsory that out of 2 directors of ABC Pvt.ltd at least 1 director must be ED?
2.Can practicing CA can become Executive director of Pvt.Ltd.If yes then whether he should take prior permission from ICAI.Please elaborate.
2.Can practicing CA can become Executive director of Pvt.Ltd.If yes then whether he should take prior permission from ICAI.Please elaborate.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- FEMA regulation Act. for inward remitance
- Rental income of jointly held property
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
