Directorship
This query is : Resolved
14 November 2012
CAN A GOVERNMENT EMPLOYEE BECOME A DIRECTOR IN A PRIVATE LIMITED COMPANY...
CS SIDDHARTHA BANIK
(Expert)
15 November 2012
As far as company law is concern, there is no such objection for an Govt. employee to take the position of Director a company.
But, i belive that the person concern should obtain NOC from his employer, as per his service rule.
thanks,
But, i belive that the person concern should obtain NOC from his employer, as per his service rule.
thanks,
Ajay Mishra
(Expert)
16 November 2012
Hi
Yes, a government company employee is free to appoint as a director in other company. They only take approval from our authority.
For example ministers are director of most of the company.
Yes, a government company employee is free to appoint as a director in other company. They only take approval from our authority.
For example ministers are director of most of the company.
16 November 2012
Dear Ajay Sir is there any restriction regarding executive and non executive directorship in above question or in your given answer.
Ajay Mishra
(Expert)
16 November 2012
Hi
Yes, you can not hold any executive level post in the nature of director. You will only hold as Independent or professional. If the director is promoter then they can do business but can not take any remunerations.
Yes, you can not hold any executive level post in the nature of director. You will only hold as Independent or professional. If the director is promoter then they can do business but can not take any remunerations.
16 November 2012
thanks sir, but someone told me that a government employee can be a director but only act as non executive/ sleeping..is it true..
Ajay Mishra
(Expert)
16 November 2012
Hi
Yes, it is called non executive if they are not taking any remuneration or benefit.
Yes, it is called non executive if they are not taking any remuneration or benefit.
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