Whole time director
This query is : Resolved
08 December 2011
Hi,
Can a person be appointed as whole time director in more than one private company and draw remuneration from all the companies?
Can a person be appointed as whole time director in more than one private company and draw remuneration from all the companies?
RG - A Helping Hand
(Expert)
08 December 2011
For Md and manager specific sections(Sec 316 and Sec 386) are given for no. of co. in which they can be md or managers. But no specific section is given for whole time directors so that can not be assume that a wtd can also be appointed in two co.
But some are of the opinion that A WTD, being whole time employee can not be WTD in more than one company.
As per my understanding a person can be wtd in more than one private company.
RG
But some are of the opinion that A WTD, being whole time employee can not be WTD in more than one company.
As per my understanding a person can be wtd in more than one private company.
RG
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