Whether Director of the company can hold more than one car in his name for use in the business of the company?
2 Replies
Parth Shah
(Service)
(43 Points)
Replied 26 October 2012
| Originally posted by : Parth Shah | ||
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Whether Director of the company can hold more than one car in his name for use in the business of the company? |
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prakash
(Company Secretary)
(1352 Points)
Replied 26 October 2012
Your query is not clear,
Car must be registered in the name and favour of Company, there are no provisions in act restricting usage and maintaining more than one car by director for business purpose.
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