07 July 2009
SIR THANKS FOR REPLY as for as share holder i came to know it doent come under dual and i KNOW THEY CAN BE PROMOTER+DIR+SHARE HOLDER. wht extra i want to know is...
IF he is a director will he come under dual employment or if he is a promoter will he be dual employment
the company hr policy says like this
a permanent employee of a company can’t be part time employee of another company, can’t be partner of any concern, Director of organization as it conflicts the interest of the company. If you want to do any business there should be no registration formalities in your name.
As per the HR policy clause shared by you yes it is a case of dual employment as such clause is very restrictive in nature. But as far legal implications are concerned you can very well go ahead and with the specific permission of management you may also avoid such clause.
It would not be advisable for you to challenge such clause as it a part of terms of employment of the employee.
CAclubindia
