Appointment of Manager
Aman Bisht (88 Points)
25 August 2017
Can a manager be appointed in two companies?
13 Replies
Aman Bisht
(88 Points)
Replied 26 August 2017
But in which sub section it is specifically prohibited?
Sudhir Todkar
(CS Professional)
(1021 Points)
Replied 26 August 2017
Yes manager can be appointed in two companies
But in that companies Managing Directors should not be there or appointed later unless manager vacate his/her office.
But in that companies Managing Directors should not be there or appointed later unless manager vacate his/her office.
sumit
(kumar)
(171 Points)
Replied 30 August 2017
aman bro it is prohibited under section 203(3)
3rd proviso
3rd proviso
Aman Bisht
(88 Points)
Replied 30 August 2017
Sumit it's written about MD. Refer section 203(3) it is written that a whole time KMP shall not hold office in more than one company except in it's subsidiary. And manager is a KMP so I think he can be manager in subsidiary co
sumit
(kumar)
(171 Points)
Replied 30 August 2017
bhai proviso stated
comp. kisi ko apna MD appoint kar skati hai jo kisi other 1 comp. me already Yato MGR hai ya MD hai
agr pehle se wo other comp. me MGR hai ya MD hai to company usko apna MGR appointed nahi kar sakti
proviso me facility sirf MD appoint karne ki hai
ab yato aap ese padh lo ki MGR ke liye LAW is silent Ya law maker given facility only for MD
comp. kisi ko apna MD appoint kar skati hai jo kisi other 1 comp. me already Yato MGR hai ya MD hai
agr pehle se wo other comp. me MGR hai ya MD hai to company usko apna MGR appointed nahi kar sakti
proviso me facility sirf MD appoint karne ki hai
ab yato aap ese padh lo ki MGR ke liye LAW is silent Ya law maker given facility only for MD
Aman Bisht
(88 Points)
Replied 30 August 2017
Ha Mai bi yhi bolra hu ki do interpretation possible hain
Aman Bisht
(88 Points)
Replied 30 August 2017
Thanku Bhai for the clarification......Can u give me your WhatsApp no so that I can ask u any queries quickly
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