Director / MD
This query is : Resolved
Mukesh Kumar Tomar
(Querist)
15 October 2009
My Question is
1. what is the maximum no of companies (pvt.ltd. & public ltd.) a person can become whole time director / MD.
2. can person be the whole time Director in one or more co. and simultaneously CFO for other cos.
3. what should be the relation between 2 or more cos. to become a group of cos.
1. what is the maximum no of companies (pvt.ltd. & public ltd.) a person can become whole time director / MD.
2. can person be the whole time Director in one or more co. and simultaneously CFO for other cos.
3. what should be the relation between 2 or more cos. to become a group of cos.
CA SANJAY MUKHERJEE
(Expert)
15 October 2009
Read the article by Expert ankur Garg
https://www.caclubindia.com/articles/article_list_detail.asp?article_id=3368
https://www.caclubindia.com/articles/article_list_detail.asp?article_id=3368
15 October 2009
The companies act,1956 does not define a 'whole time director. However, explanation to section 269 states that the expression 'whole time director' includes a director in the whole time employment of the company. By virtue of the whole time employment, a whole time director cannot act as such in more than one company.
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