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private company

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(Querist)
16 July 2008 Dear Members,
Please advice/confirm.How far it is permissible under companies act,if the company bestowed the tile of director to its employees such as director(finance),director(human resource) etc.Please also clarify the exact position under Comapnies Act whether such practise is permissible.

Regards,
Kumar
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
16 July 2008 The companies Act does not contain specifically any provision to ban such designations.
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Kumar

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Kumar (Querist)
16 July 2008 Dear Mr.Srinivasraghavan,

Thanks for your reply.But there is one such departmental clarification by Departemnt of Company Affairs letter no. 2/82 dated 20.1.83 which forbids such practise by corporates.Please confirm whether such departemntal clarification is relevant in present time.

Regards,
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