banner_ad

Salary to wtd/md

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 December 2015 Can a director function as a Whole Time Director in one Company and MD in another Company(both being Private Companies)


If yes, can he draw remuneration from both companies?
Profile Image

Pratik Shah

Profile Image

Pratik Shah (Expert)
17 December 2015 If section 203 is not applicable in any of your companies, then there are no other restriction in the Act which can restrict a person to be MD in one company and WTD in another.

He can draw remuneration from both the companies, subject to specified limit as given in Schedule V, if Section 197 is applicable to any of the two companies.

Please refer Section 196, 197, 203 and Schedule V.
Let me know if you have any query in this regard.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 December 2015 Both are private companies only. And the company is not covered under the provisions of KMP
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details