Incorporation of company
This query is : Resolved
01 March 2015
Dear Experts,
I have a query relating to incrop of company. Few of my friends are planning to start up a new business/ company. But they are into employment and cannot leave their jobs. And they have signed a bond with the company where they cannot work any where else or earn in any kind of way.They cant work any where else or not even earn with their spereate business. Now is there any solution they can incorporate a company without breaking their company clause??
I have a query relating to incrop of company. Few of my friends are planning to start up a new business/ company. But they are into employment and cannot leave their jobs. And they have signed a bond with the company where they cannot work any where else or earn in any kind of way.They cant work any where else or not even earn with their spereate business. Now is there any solution they can incorporate a company without breaking their company clause??
02 March 2015
Only way is they can form company having their close relatives as Directors and they will have to run the show from behind.
02 March 2015
Thanks Sanjay sir,
Even we thought of the same. But can they represent themselves as director of the company to the outsiders or clients?
Even we thought of the same. But can they represent themselves as director of the company to the outsiders or clients?
02 March 2015
No they can not...
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