Hi everyone... Plz let me know whether a private limited company can be director in another private limited company? If yes, plz give me procedure in brief.. Thanks..
Menu
Company as a director
Replies (3)
No this is simply not possible. A body corporate can not be appointed as a director.
The same is prohibited by section 253 of companies act, 1956. Only individuals can be appointed as a director.
Regards
Dear Ashish,
Section 253 Provides that no body corporate, association or firm shall be appointed director of a company(whether public or private), and only an individual shall be so appointed.
However, no individual shall alse be appointed or reappointed as a director unless he has been allotted a Director Indentification Number under section 266B.
So no company can appoint any other company as a director.
Agree with Mr. Ankur Garg and Mr. Ankur Srivastava that a company can not be appointed as a director in another company.
Recent Topics :
Related Topics :
CAclubindia
