Part time practice and director in a self owned company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2010
Hallo all
My query is - A ca who is a partner in a CA firm, and he is in part time practice (mean dont do the attesting function, and will not train article under him). Can he be a full time director in a self owned company, and he also want to draw the salary from that company. Along with that he also want to remain a partner in the ca firm as a part time practitioner.
Is that possible, please answer soon.
it is urgent....
My query is - A ca who is a partner in a CA firm, and he is in part time practice (mean dont do the attesting function, and will not train article under him). Can he be a full time director in a self owned company, and he also want to draw the salary from that company. Along with that he also want to remain a partner in the ca firm as a part time practitioner.
Is that possible, please answer soon.
it is urgent....
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2010
I am not sure,
But a ca in part time practice can be in employment of any corporate and also can be a dirctor in any company in which he or or member of his family doesnt hold shareholding.
But a ca in part time practice can be in employment of any corporate and also can be a dirctor in any company in which he or or member of his family doesnt hold shareholding.
15 March 2010
As in the definition of Director, he is defined as a officer of the company so as per the icai a practising chartered accountant can not hold office of full time director.
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