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fixed assets of the co. in the name of directors

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(Querist)
19 January 2009 can fixed assets of the company be in the name of director of the co( in agreement)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 January 2009 No. All the assets should be in company's own name.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 February 2009 If there are in the name of the director ownership vests with the directors and not with company.
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