Is it legal to buy shares of a private limited company while still on a full time employment of another company? The shareholding amounts to 4% only. Not in a position to check with the HR of the current employer on this. Any thoughts on this?
Menu
Employed and hold shares of pvt ltd company
Replies (1)
Summary: Holding shares in a private limited company while employed full-time is generally legal under Indian law, provided it does not violate your employment contract (such as non-compete clauses or full-time commitment policies) or result in a conflict of interest. Ensure your role is strictly that of a passive investor and not an active director or employee of that private company.
Recent Topics :
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
Related Topics :
CAclubindia
