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Appointment of an occupier

Hirak Ghosh (GM CS & Legal) (36 Points)

07 August 2011  

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 ?


 2 Replies

CS Ankur Srivastava (Company Secretary & Compliance Officer)   (17821 Points)
Replied 08 August 2011

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

 

Therefore, we can nominate any Director as Occupier.

SANTOSH SHAH (Company Secretary) (749 Points)
Replied 09 August 2011

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


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