Can a ca article become director in a pvt ltd company?
Querist : Anonymous
Querist : Anonymous
The provision is applicable for members to take council permission for becoming director.
Form 112 is also applicable for taking positions like directorship, partner etc. The article is also required to submit a certificate from the company stating that the said director/article shall only be attending board meetings.
Please refer part B of the Form 112
http://www.icai.org/new_post.html?post_id=6534
but after completion of CA and if u prefer for Practice then u can intimate the same to CA Institute regarding director in a company
please read the query raised here. it is about an article assistant, not a CA.
I have made lots of company on the basis of this in earlier years now a days he is good CA.
So, i am saying that, he can be a director.
The second query by the querist is specifically regarding ICAI regulations wherein regulation 65/78 and Form 112 have to be invoked.
All, I am saying that 112 permission is required. Whether or not in a particular case someone has taken permission or not, doesn't mean that regulations don't require the same.
In practical world, we do CA, CS, ICWA and B.com/M.com together. But even that is not correct as per regulations.
I personally believe in 100% compliance.
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