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Can CA become Director?

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(Querist)
06 May 2010 Hello,

Please tell me that any ACA can become Director in company having objective consultancy in Finance & Managment, Investment company?

Is there any permission required from the ICAI ?
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CA. Aryendra

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CA. Aryendra (Expert)
06 May 2010 Please See Clause 11 of Code of Ethics;

Chartered Accountant can be a director of a company (not being a managing director or a whole time director), unless he or any of his partners is interested in such company as an auditor.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
06 May 2010 yes
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