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Designated director

namrata (company secretary ) (422 Points)

31 October 2011

Dear freinds,

If a director is appointed as a designated director in a co. can the same director be appointed as designated director in other company.

Thanks in advanace

Regards

Namrata pai

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CS Bijoy (Expert) (6394 Points)
Replied 04 November 2011

A designated director will mainly be nominated for confidentiality reasons. For instance, a designated director will be elected if you do not wish for your name to appear in a commercial contract or if you do not wish to sign all the forms to open a bank account. When a designated director is nominated the customer and the nominated person will sign a service contract, which guarantees the customer that the nominated person will only be able to act or sign documents upon the customer's request. It also assures nominated persons that they have no responsibility.

From the above i think can appoint in other company also.