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Appointment of Manager

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88 Points Joined August 2017
Can a manager be appointed in two companies?
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On 25 August 2017 at 22:01 Report
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kumar
171 Points Joined September 2015
no absolute prohibition
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On 26 August 2017 at 11:48
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88 Points Joined August 2017
In which section this is given
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On 26 August 2017 at 12:03
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473 Points Joined April 2017
refer section 196
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On 26 August 2017 at 12:15
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473 Points Joined April 2017
refer section 196
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On 26 August 2017 at 12:16
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473 Points Joined April 2017
refer section 196
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On 26 August 2017 at 12:17
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88 Points Joined August 2017
But in which sub section it is specifically prohibited?
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On 26 August 2017 at 12:31
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CS Professional
1021 Points Joined April 2017
Yes manager can be appointed in two companies

But in that companies Managing Directors should not be there or appointed later unless manager vacate his/her office.
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On 26 August 2017 at 23:14
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kumar
171 Points Joined September 2015
aman bro it is prohibited under section 203(3)
3rd proviso
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On 30 August 2017 at 08:55
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88 Points Joined August 2017
Sumit it's written about MD. Refer section 203(3) it is written that a whole time KMP shall not hold office in more than one company except in it's subsidiary. And manager is a KMP so I think he can be manager in subsidiary co
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On 30 August 2017 at 10:29
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kumar
171 Points Joined September 2015
bhai proviso stated
comp. kisi ko apna MD appoint kar skati hai jo kisi other 1 comp. me already Yato MGR hai ya MD hai

agr pehle se wo other comp. me MGR hai ya MD hai to company usko apna MGR appointed nahi kar sakti
proviso me facility sirf MD appoint karne ki hai

ab yato aap ese padh lo ki MGR ke liye LAW is silent Ya law maker given facility only for MD
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On 30 August 2017 at 10:59
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88 Points Joined August 2017
Ha Mai bi yhi bolra hu ki do interpretation possible hain
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On 30 August 2017 at 11:18
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88 Points Joined August 2017
Thanku Bhai for the clarification......Can u give me your WhatsApp no so that I can ask u any queries quickly
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On 30 August 2017 at 11:19
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kumar
171 Points Joined September 2015
8802950431
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On 30 August 2017 at 11:51

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