Hi,
Pls clarify my doubts.
My MD has two companies x and y (Pvt ltd) . He is a director and shareholder of both companies. then Mr. Z is a director and shareholder of Y com. (not relative) Both are not subsidiary companies.
Now, x com. to be converted into public com. (to be listed) can Mr. Z appoint as a indendent director in X com? is there any violation of listing agreement?
Kindly suggest .
C.J. Sreedevi
Ankur sir pls help me
Yes as per the info provided by you appointment of Mr. Z as independent director in X company is possible. Also go through the attachment.
Thank you very much sir.
HKC | Chartered Accountants & Business Advisors
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CA
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Malhotra Rajesh & Associates
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