Matter with regard to director

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GAYATHRI B (Querist)
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18 December 2017 My client is acting as a whole time director in a private company. Also he also serves as a director in another private company. He is receiving remuneration from both the companies. Whether he attracts disqualification?

Please clarify my doubt.

Thank you in advance.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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19 December 2017 No. The remuneration and terms and conditions of appointment of a managing director, whole-time director or manager of a private company need not be subject to: The provisions of section 197 & Schedule V

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