Appointment of an occupier

Others 1701 views 2 replies

Mr. X is appointed an Occupier in a Company,where he is in employment and drawing salary and the Company has appointed him as Non-Executive Director.

Is this acceptable in the eyes of Company's Act ?

Replies (2)

As per factories Act, any Director of the Company can be the Occupier.

 

Therefore, we can nominate any Director as Occupier.

Originally posted by : Hirak Ghosh

Mr. X is appointed an Occupier in a Company,where he is in employment and drawing salary and the Company has appointed him as Non-Executive Director.

Is this acceptable in the eyes of Company's Act ?

 Hello Mr.Hirak

 

Apart from agreeing to what Mr.Ankur said, In my view, Mr.X being in employment and drawing salary then he can be appointed

as Executive Director and not Non Executive. Non Executive Director would be one who will not be in employment but

would be attending Board meetings as and when and giving Advices out of specialized knowledge they possess.

So kindly look into that.

 

Other views solicited

 

regards

Santosh Shah


CCI Pro

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