Whole Time Director in Two Public Limited Companies

This query is : Resolved

Share Report Follow Query Ask a Query

Ashish Gaggar

Ashish Gaggar (Querist)
Follow

15 September 2009 Can a person be Whole Time Director in Two Public Limited Companies.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

15 September 2009 The companies act,1956 does not define a 'whole time director. However, explantion to section 269 states that the expression 'whole time director' includes a director in the whole time employment of the company. By virtue of the whole time employment, a whole time director cannot act as such in more than one company.

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
Follow

15 September 2009 No

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
Follow

16 September 2009 completely No

Ankur Garg

Ankur Garg (Expert)
Follow

16 September 2009 Agree to a certain extent.

But my answer is a bit different. If both the companies are group companies having regd./corporate office in one premises then there is no issue at all.

As law is silent regarding WTD and explanation of 269 is not mandatory in nature (just an explanation) a person may be a WTD in 2 companies.

Regards

Ankur Garg

Ankur Garg (Expert)
Follow

16 September 2009 As far as ROC or E-filing of 32 is concerned no prob at all. In the ROC system a persom can be reflected as WTD of 2 companies.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

raval umesh

Rameshkumar Jain

DSK TMC

Hemkumar

Subscribe Now

Whole Time Director in Two Public Limited Companies

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA