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Can a CA be director in a pvt ltd co???

Aisha (Finance Professional) (8099 Points)

18 February 2008

Can a CA be director in a pvt ltd co??? does the answer change if he is holding a COP

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8 Replies

CA O.P. SINGH (O P Singh & Co.) (426 Points)
Replied 18 February 2008

a ca can be a director in a company. but if he is holding cop he can not. Since director is also employee of the comapny.

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(Guest)

a ca can be a director of a company .but if he is a statutory auditor of the co he cannot be a director of that co till he is holding the place as a stat auditor

CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 18 February 2008

Raza sahab, a stat auditor can do internal audit also..if you are ca in practice ...c.a act,say a c.a in practice can do both internal or stat audit ..and mr.o.p.singh is 100% correct

CA. Dashrath Maheshwari (TaXpert) (15103 Points)
Replied 18 February 2008

Permission to be Granted specifically by the council to a member as stated in Appendix no. 9 for Office of Managing Director or a whole-time Director of a body corporate within the meaning of the Companies Act, 1956, provided that the member and/or his relatives do not hold substantial interest in such a concern.

CA. SUDHARSAN K G (Chartered Accountant) (472 Points)
Replied 18 February 2008

To my Knowledge, An Auditor Can be the Director for a Company, Unless he is the EMPLOYEE or have ANY OTHER RELATIONSHIP with that Company for being the STATUTORY AUDITOR. For INTERNAL AUDIT it doesn't the matter.

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K.LAKSHMINARASIMHAN (CHARTERED ACCOUNTANTS) (37 Points)
Replied 18 February 2008

CA Can be a director of a company. If he is holding COP he cannot be a full time or part time director getting any remuneration but can be only a director and this position has to be informed to the Institute.