Wtd of the company
This query is : Resolved
02 February 2012
Dear Sir,
Kindly solve my following query_
whether a person can hold office of WTD in more then one company (Pvt. and Pub company in both cases.
Please prescribe the limit and also indicate the relevant provisions regarding it.
Thanks and Regards,
Harvinder Kumar Dinker
Kindly solve my following query_
whether a person can hold office of WTD in more then one company (Pvt. and Pub company in both cases.
Please prescribe the limit and also indicate the relevant provisions regarding it.
Thanks and Regards,
Harvinder Kumar Dinker
02 February 2012
A person can't hold position of WTD in more than One company.
As the term 'Whole-time director' it self provides that a director who spends his whole-time in the management of the company.
However the Companies Act does not define the term 'Whole-time director' Section 269 merely provides that 'Whole-time director'includes a director in the whole-time employment of the company. Moreover, section 309(3) uses the expression"'a director who is in the whole-time employment of the Company."
As the term 'Whole-time director' it self provides that a director who spends his whole-time in the management of the company.
However the Companies Act does not define the term 'Whole-time director' Section 269 merely provides that 'Whole-time director'includes a director in the whole-time employment of the company. Moreover, section 309(3) uses the expression"'a director who is in the whole-time employment of the Company."
02 February 2012
Thanks a lot Mr. Mitesh
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