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Director remuneration

This query is : Resolved 
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(Querist)
31 January 2021 Sir , My father is a State government employee but wants to be a director of a new Finance company tell me the possibilities . If he cannot be a Director what about my mother (house wife with no income ) does she be able to become the director ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 February 2021 Your father can't be director being government employee. Your mother can be director
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lokesh ramesh

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lokesh ramesh (Querist)
02 February 2021 But my mother has no income since she is a house wife . For the director appointment we are liable to an amount of 100,000 will that be in any problem like what is the source of the amount (100,000)

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 February 2021 Get the amount as gift from father.
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lokesh ramesh

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lokesh ramesh (Querist)
04 February 2021 Thank you sir that was a great findings for me
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 February 2021 You are welcome.......
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