Easy Office
LCI Learning

Appointment of MD as Director

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 February 2010 If MD of a company (XYZ) is being appointed as director in another compnay (ABC) where 1 director of (XYZ) is partner in ABC.....

is it valid?
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
26 February 2010 It is valid. The only care to be taken is that at the time of appointment, the director should make proper disclosure of interest and should abstain from participating in resolutions where ABC and XYZ are dealing with each other.
Profile Image

G.Ramesh

Profile Image

G.Ramesh (Expert)
26 February 2010 Yes...MD of the one company can be appointed as director in another company
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
26 February 2010 Very much possible. Agree with the suggestion of expert Rasesh regarding disclosure of interest.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links