Whole Time Director
This query is : Resolved
Ankur Garg
(Querist)
18 March 2009
Dear Friends,
Please advise. Can a person be appointed as WTD of more than 1 company. Also mention if there is any source or DCA clarification etc.
As per my opinion a person may be appointed as a Whole Time Director in more than 1 company especially under the same group companies.
Regarding WTD there is no specific provision like sec. 316(MD) or 386(Manager) to regulate the appointment of WTD. As far as section 269, 302 and schedule XIII are concerned they don't talk about no. of assignments as WTD.
Thanks in advance. Regards
Please advise. Can a person be appointed as WTD of more than 1 company. Also mention if there is any source or DCA clarification etc.
As per my opinion a person may be appointed as a Whole Time Director in more than 1 company especially under the same group companies.
Regarding WTD there is no specific provision like sec. 316(MD) or 386(Manager) to regulate the appointment of WTD. As far as section 269, 302 and schedule XIII are concerned they don't talk about no. of assignments as WTD.
Thanks in advance. Regards
Jagruti (CS)
(Expert)
14 April 2009
Yes, you view point is right.
A person can hold position as WTD in more than one company as there is restriction only for Manager and MD in Act.
A person can hold position as WTD in more than one company as there is restriction only for Manager and MD in Act.
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