Student act as md ?

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Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2012 Can a Student(23 Years) Incorporate a Company and act as MD ?

CA bhargava

CA bhargava (Expert)
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03 December 2012 yes, he can...

Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2012 Then Govt will Question, How Could you do That ?. When you go to college(MBA) ?. Any Crime It be Doing Job while Studing ?.

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CA bhargava

CA bhargava (Expert)
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03 December 2012 which govt.. what govt... who will question....my client is in MBA final year., and she is doing a business...

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Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2012 Thank you so much.

Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2012 Thank you so much.

Amol S Joglekar

Amol S Joglekar (Expert)
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03 December 2012 Student acting MD of a company is required to take permission of council of ICAI, if he/she wants to undergo articleship

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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04 December 2012 Yes he may incorporate a company and act as the Managing Director of such Company.

However, as rightly pointed out by Amol ji, regarding undergoing Articleship in such company he needs to obtain permission of council of ICAI.

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@VaibhavJ

@VaibhavJ (Expert)
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04 December 2012 Hi

Pnly problem will be that if company fails to substantiate payment made to student then IT dept. may disallow the payment made to such MD.

Thanks//Vaibhav