employee as well as director
This query is : Resolved
07 October 2010
is it possible, a person can be a director of his company at the same time employee of the other company?
he is getting remuneration from his company and getting salary from other company also.
please advice how will treat his income?
he is getting remuneration from his company and getting salary from other company also.
please advice how will treat his income?
07 October 2010
YES ITS POSSIBLE
07 October 2010
If he is an ordinary director then he can draw remuneration from both.
However the same is not possible in case of whole time director bcoz technically it is not possible for a WTD to spare time for other job and earn from there.
Regards
However the same is not possible in case of whole time director bcoz technically it is not possible for a WTD to spare time for other job and earn from there.
Regards
07 October 2010
THANKS ANKUR SIR JI,
07 October 2010
THANKS FOR ALL. BUT MY CLIENT IS MANAGING DIRECTOR OF THE COMPANY. IN HIS POINT OF VIEW, PEOPLE ARE THERE TO MANAGE ALL THE WORKS. THAT'S WHY HE IS JOINING IN THE BANK AS HIGHLY PAID EMPLOYEE. PLEASE ADVICE.
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