Can a director of pvt ltd co. also operate a Prop. firm?
This query is : Resolved
14 November 2008
We are an STPI Pvt ltd Co. & operate within a custom bonded warehouse. One of our director is also running his own prop. firm some where else.
Now He wants to shift his prop firm to our bonded office. is it possible that he may operate from a separate identified space within our office itself?
Just to tell you that his prop firm not doing any STPI activity.
Please clarify.
Subhash
Now He wants to shift his prop firm to our bonded office. is it possible that he may operate from a separate identified space within our office itself?
Just to tell you that his prop firm not doing any STPI activity.
Please clarify.
Subhash
14 November 2008
Oh yes! with proper lease agreement and compliance of companies Act relating to contracts in which directors are interested.
14 November 2008
But sir,
thats the first part.
what about that our office is a custom bonded warehouse & his porp firm's activity has nothing to do with it.
IS IT ALLOWED ?
Subhash
thats the first part.
what about that our office is a custom bonded warehouse & his porp firm's activity has nothing to do with it.
IS IT ALLOWED ?
Subhash
14 November 2008
You are after all letting the space on rent is it not?
14 November 2008
yes sir,
now reply
Thanks
now reply
Thanks
14 November 2008
Then go ahead and let out, but observing the Companies Act provisions as I told earlier.
14 November 2008
Thanks very much sir,
subhash
subhash
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