Executive director
This query is : Resolved
23 October 2011
can a chartered accountant who is member in partnership firm can he become a executive director of an private limited company
23 October 2011
CA in whole time can't be executive director in any company...it can be guilty of professsional misconduct..if he take appoinment as executive director....A ca can be secretary,Non executive director, promoter in a company
24 October 2011
Clause 11 of part I of schedule restricts the same however there is no bar as per regulation 192A to become non executive director of company if none of relatives or partner is interested in such company.
25 October 2011
You can be the Managing Director the company by taking the PRIOR AND SPECFIC permission from the council of the institute. As per per Regulation 190A of the CA regulations. This is only to Escape from the Professional Misconduct under clause 11 to Part 1 of Shcedule 1 of the chartered accountants act,1949
If u accepts the position of an M.D
You will lose the power of attest function as per AMENDMENT to Regulation 190A.(since, the appointment of M.D has not been covered under the list prescribed in the Amendment)
However,Even if u loose the power to attest, you can have the limited power to provide the Articled training.
If u accepts the position of an M.D
You will lose the power of attest function as per AMENDMENT to Regulation 190A.(since, the appointment of M.D has not been covered under the list prescribed in the Amendment)
However,Even if u loose the power to attest, you can have the limited power to provide the Articled training.
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
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Form 10BD Filling
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
