PROMOTERS Vs DiRECTORS
This query is : Resolved
CA. MOHAMMAD.QUSROO
(Querist)
31 January 2011
is there any restriction in company law for a promoter to become director in a company(Private and Public)???????????
Please reply soon
Please reply soon
Jayashree S Iyer
(Expert)
01 February 2011
There is no such restriction. In many small private companies promotors are the only directors.
udit sharma
(Expert)
01 February 2011
Agreed with the expert but a Promoter Director of the Company cant be treated as an Independent Director on the Board of Directors of the Company. So,you must bear this point in mind before appointing him as Director of the Company.
God Bless
CS Udit Sharma
God Bless
CS Udit Sharma
CA. MOHAMMAD.QUSROO
(Querist)
26 February 2011
thanks a lot sir!
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