Clarification Under section 316
A person already being the Managing Director of two public companies (Unlisted), now he has been appointed as the Managing Director of Independent Private Company, in this case whether sec 316 is violated or not ?
Menu
Clarification u/s 316
Replies (2)
Dear Mr. S Sateesh Kumar
The Central Government may, by order, permit the appointment of a person referred as managing director in more than two companies, if it is satisfied that it is necessary that the companies should, for their proper working function as a single unit and to have a common managing director.
I think, there is no vialation of section 316.
Regards
Recent Threads
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
Related Threads
CAclubindia
