Whole time director

This query is : Resolved

Kavitha (Querist)
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08 December 2011 Hi,

Can a person be appointed as whole time director in more than one private company and draw remuneration from all the companies?

RG - A Helping Hand

RG - A Helping Hand (Expert)
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08 December 2011 For Md and manager specific sections(Sec 316 and Sec 386) are given for no. of co. in which they can be md or managers. But no specific section is given for whole time directors so that can not be assume that a wtd can also be appointed in two co.

But some are of the opinion that A WTD, being whole time employee can not be WTD in more than one company.

As per my understanding a person can be wtd in more than one private company.

RG