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)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
