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CEO and WTD

sbhaktha (bcom + lawstudent @ present) (109 Points)

16 May 2018

whether a company can appoint it's CEO as whole time director as well

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8 Replies

dileep bandi (Student ) (159 Points)
Replied 16 May 2018

yes , u can appoint

1 Like

sbhaktha (bcom + lawstudent @ present) (109 Points)
Replied 16 May 2018

there is no bar under the Act right. as in the case of MD where he cannot be appointed as manager as well

Roshan Satkar (30 Points)
Replied 18 May 2018

the company can not appoint MD and Manager at the same time.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 19 May 2018

Originally posted by : sbhaktha
	whether a company can appoint it's CEO as whole time director as well

Yes in most of the Cases the Managing Director is the Whole Time director and he is termed as CEO of the Company.

sbhaktha (bcom + lawstudent @ present) (109 Points)
Replied 19 May 2018

we have to appoint a CEO as whole time director . in this case do we have to appoint him as a director or can we straight away appoint him as WTD.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 19 May 2018

YOu may directly apoint a WTD, in a single resolution appoint as director and resolved further that he would be the whole time director and salary etc., if any.

sbhaktha (bcom + lawstudent @ present) (109 Points)
Replied 19 May 2018

okay thanks

Jatin Bajaj (CS) (2928 Points)
Replied 21 May 2018

Yes CEO can be appointed as the Whole Time Director of the Company. Bt he shall also sign the Balance Sheet of the Company as per the provisions of Section 134 of the Companies Act because as per the Section if CEO is the Director, he would have to sign the Balance Sheet of the Company