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Executive director in two companies simultaeneously

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sruti gupta

sruti gupta (Querist)

24 April 2014 Can an executive director be appointed in two companies at the same time...Plz advice

Avneesh Mishra

Avneesh Mishra (Expert)

25 April 2014 Dear Sruti,

With reference to Subsection 3 of Section 203 of the Companies Act 2013, A whole-time key managerial personnel (Executive Director) shall not hold office in more than one company except in its subsidiary company at the same time.

Trust it clarifies your query.

Regards,
Avneesh Mishra

sruti gupta

sruti gupta (Querist)

25 April 2014 Thanks for your reply Sir, but the proviso to the same sec provides that .........." being a director of any other other Company with the permission of the Board"

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