employee as well as director

This query is : Resolved

haridhayalan (Querist)
Follow

07 October 2010 is it possible, a person can be a director of his company at the same time employee of the other company?

he is getting remuneration from his company and getting salary from other company also.

please advice how will treat his income?

CA Navin Jain

CA Navin Jain (Expert)
Follow

07 October 2010 YES ITS POSSIBLE

Ankur Garg

Ankur Garg (Expert)
Follow

07 October 2010 If he is an ordinary director then he can draw remuneration from both.

However the same is not possible in case of whole time director bcoz technically it is not possible for a WTD to spare time for other job and earn from there.

Regards

Upgrade to CAclubindia Pro. Subscribe Now!

CA Navin Jain

CA Navin Jain (Expert)
Follow

07 October 2010 THANKS ANKUR SIR JI,

haridhayalan

haridhayalan (Querist)
Follow

07 October 2010 THANKS FOR ALL. BUT MY CLIENT IS MANAGING DIRECTOR OF THE COMPANY. IN HIS POINT OF VIEW, PEOPLE ARE THERE TO MANAGE ALL THE WORKS. THAT'S WHY HE IS JOINING IN THE BANK AS HIGHLY PAID EMPLOYEE. PLEASE ADVICE.