Executive director & Independent Director
This query is : Resolved
24 September 2010
1. What is the meaning of an executive Director. If there are 3 directors in a company, what is the minimum no of executive director. CAn all 3 be non - executive.
2. Whether an Independent director is one who does not have any shareholdong in the company
2. Whether an Independent director is one who does not have any shareholdong in the company
24 September 2010
Hi Seema,
Normally MD/WTD and a director drawing salary are considered as executive director. Rest of the directors are considered as Non-executive directors.
Promoters of the company are not executive director automatically.
Independent director can be a shareholder of the company but he should not have material monetary interest in the company.
Regards
Normally MD/WTD and a director drawing salary are considered as executive director. Rest of the directors are considered as Non-executive directors.
Promoters of the company are not executive director automatically.
Independent director can be a shareholder of the company but he should not have material monetary interest in the company.
Regards
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Cash balance limit and property purchases limit
- Journal entry of busniess expenses
- Invertaded duty struture
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
