23 July 2010
1.) Can a student having a permanent income tax account no. be a part time director in a private limited company? 2.) In addition to salary and director sitting fees what other benifits can he draw from the company?
I think that Companies Act has not specified any qualofication for appointment as a director in a company. However it specifies that a whole time director or a manging director should be in the age bracket of 25 to 70 years. Thus any individual may become an ordinary director whatever his age or qualification.
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