Appointment of MD as Director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2010
If MD of a company (XYZ) is being appointed as director in another compnay (ABC) where 1 director of (XYZ) is partner in ABC.....
is it valid?
is it valid?
26 February 2010
It is valid. The only care to be taken is that at the time of appointment, the director should make proper disclosure of interest and should abstain from participating in resolutions where ABC and XYZ are dealing with each other.
26 February 2010
Yes...MD of the one company can be appointed as director in another company
26 February 2010
Very much possible. Agree with the suggestion of expert Rasesh regarding disclosure of interest.
Regards
Regards
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