Director wants to be a professional consultant

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Ankur (Querist)
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06 February 2013 Hi, Myself Ankur Garg, n i m working in a recruitment pvt. ltd. co., one of our Director wants to be on the same position (Director) as he is, but he doesn't want to be on the payroll of the company, he wants to act as a professional consultant, is it possible as per the company law if yes then how? and what are the formalities should be done for this?

Ajay Mishra

Ajay Mishra (Expert)
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06 February 2013 Hi

I will suggest you to do so. You pass a Board Resolution for change in terms and conditions of the Director and Intimate ROC by filing Form-32.