Md in two or more companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 October 2011
Can a person be appointed as Managing Director of two or more private companies. Pls clarifity.
23 October 2011
A person may be appointed as a managing director of more than two private companies as Section 316 does not apply to a private company. Hence, no permission of the Central Government is required to be obtained in this regard. [DCA Notification No. GSR 577(E), dated 16-7-1985].
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