Whole time director in listed/unlisted companies

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2015 An individual had appointed as whole tome director in one Company (A) and director as another company (B). In that A company has a 5 subsidiary companies. I have a questions
1) Is it possible? 2) Any limitations is there? and in which section?

Thanks in advance.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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16 February 2015 1. Yes

2.A whole-time key managerial personnel shall not hold office in more than one company except in its subsidiary company at the same
time. However, he can hold such other directorship with the permission of the Board.(Section 203 of the Companies Act, 2013)