Easy Office
LCI Learning

Appointment of a director as md in 2 pvt. ltd.cos.

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 November 2012 Dear all,


i am need of help,

kindly answer whether a Managing director of a private co. be appointed as a managing director of another private company?

Thanks in advance..
Profile Image

Shudhanshu Agrawal

Profile Image

Shudhanshu Agrawal (Expert)
20 November 2012 Provisions of section 316 of Companies Act, 1956 does not apply on private company. Hence a person can be appointed as MD in more than one private companies which are not subsidiary of any public company.
Profile Image

CS Ankur Srivastava

Profile Image

CS Ankur Srivastava (Expert)
21 November 2012 He may be appointed as MD in two and only two public companies by way of passing board resolution only.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links