Directors

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RAVI SONI (Querist)
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15 December 2014 As per the Companies Act 2013, I want to know whether an individual can be appointed as a WHOLETIME DIRECTOR of two Private Limited Companies.

Which section of Companies Act 2013, is applicable in this regard.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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15 December 2014 A whole-time KMP shall not hold office in more than one company except in its subsidiary company at the same time.

A KMP shall be appointed as a director of any company with the permission of the Board.

- Section 203 of the Companies Act 2013