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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 Hi All,

I am a director in one co "X" and i am planning to start one more comapny "Y"

In "Y" I m a Director

and "X" is share holder

Is this possible

Thanks in advance.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
21 July 2010 Yes It can be possible.
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Ankur Garg

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Ankur Garg (Expert)
21 July 2010 Yes sir this is 100% legal and very much possible. The combination mentioned by you is possible.

A person can be a director of maximum 15 companies at a time as per section 275.

Regards
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 But i have a directorship in more than 20 pvt ltd compnies
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srinath

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srinath (Expert)
21 July 2010 for the purpose of section 275 private limited company is not taken into consideration. Only public limited companies are counted
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 Thank u all

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