Executive director
This query is : Resolved
CA GOPAL.T.JOSHI
(Querist)
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
CA Sumat Singhal
(Expert)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
- Goods sold but invoice not issued
- 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?
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
