Can a person holding office as Managing Director in two private companies, be appointed as MD in another private company?
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Managing director in more than 2 private limited companies
Replies (4)
No. Refer s.203 of the CA, 2013
Please also check whether section 203 is applicable on both companies or not.
is 203 Applicable to private limited comapnies?
A person cannot be appointed a as manager or M.D simultaneously in more than two companies. Yes, sec- 203 is applicable to Private Companies also.
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