Can a managing director (as whole time employee) of unlisted company be a non-executive director in private company and draw professional fees for the services rendered by him to that company out of normal working hours?
Menu
Managing Direcotr
Replies (1)
As per the provisions of Companies Act 2013, a director can hold the office for a maximum 20 Companies out of which 10 should be the public Company. Private Companies which are subsidiaries of public Company are deemed to be considered as public Company. The Managing Director can hold the office as non executive director in other Company and can draw the remuneration from both the Company and remuneration draw from both the Company shall not exceed the highest remuneration earned from any one of the Company
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
