Whole time director in listed/unlisted companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2015
An individual had appointed as whole tome director in one Company (A) and director as another company (B). In that A company has a 5 subsidiary companies. I have a questions
1) Is it possible? 2) Any limitations is there? and in which section?
Thanks in advance.
1) Is it possible? 2) Any limitations is there? and in which section?
Thanks in advance.
CS Mitesh Mehta
(Expert)
16 February 2015
1. Yes
2.A whole-time key managerial personnel shall not hold office in more than one company except in its subsidiary company at the same
time. However, he can hold such other directorship with the permission of the Board.(Section 203 of the Companies Act, 2013)
2.A whole-time key managerial personnel shall not hold office in more than one company except in its subsidiary company at the same
time. However, he can hold such other directorship with the permission of the Board.(Section 203 of the Companies Act, 2013)
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