Practicing CA as director

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Shobhit Jain (Querist)
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19 August 2020 Can practicing CA can become promoter directors of a company? Whether prior approval of ICAI is required in same case?

c.bakshi (Expert)
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20 August 2020 YES, YOU HAVE TO TAKE PRIOR APPROVAL OF ICAI. HOWEVER, I THINK PRACTICING CA CANNOT ACT AS EXECUTIVE DIRECTOR.

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