Please help
" How can a person become a director in a Private Limited Company and also not be attracted to any of the penal provisions of LAW "
(One of my client wants to become a director in a private limited Company, the Company wants to raise funds to expand its business after my client becomes a director. How can a director not be attracted to any of the penal provisions of LAW)
by apply for director indentification number (DIN)
DEAR Mr.kUMAR,
IN ORDER TO BECOME A DIRECTOR OF APRIVATE LIMITED COMPANY SEC.263 AND SEC.252 OF THE COMPANIES NEEDS TO BE COMPLIED - IN OTHERWORDS ANY INDIVIDUAL CAN BE DIRECTOR IF HE OR SHE IS NOT DISQUALIFIED UNDER SEC.274 OF THE COMPANIES ACT, 1956.
REGARDS
TANVEER MOHAMMAD MASOOD
FUNDS CAN BE RAISE ONCE THE COMPANY START ISSUING SHARES TO THE PUBLIC AND SHAREHOLDERS IN THE FORM EQUITY SHARES.
CAclubindia
