03 November 2010
can a wholly employed company secretary become a director (in professional capacity or independent or non executive) in another company?
03 November 2010
Yes! In my opinion a Company Secretary in whole time employment of the Company can become a Director of another Company provided he/she should not suffer from any of the dsqualifications provided under section 274 of the Companies Act, 1956.
However, You can be treated as an Independent Director on the Board of Directors of another Company. If you wish to be appointed as the Director in the same Company in which you are serving as a Company Secretary, in my opinion you can't be appointed as an Independent Director
This is my opinion and the views of other eminent experts are welcome:-0
03 November 2010
No doubt about the observation of Expert Udit...
Further the DCA clarification which exempts a CS from the operation of section 269 in public company confirms that a CS who is in employment can be appointed as a director.
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