Hi everyone... Plz let me know whether a private limited company can be director in another private limited company? If yes, plz give me procedure in brief.. Thanks..
CA. Ashish Bihani (C.A.) (307 Points)
22 February 2010Hi everyone... Plz let me know whether a private limited company can be director in another private limited company? If yes, plz give me procedure in brief.. Thanks..
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 22 February 2010
No this is simply not possible. A body corporate can not be appointed as a director.
The same is prohibited by section 253 of companies act, 1956. Only individuals can be appointed as a director.
Regards
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 22 February 2010
CA.SKR
(CA; CS-Final (One Group); DISA (ICAI); Insolvency Professional)
(442 Points)
Replied 22 February 2010
Agree with Mr. Ankur Garg and Mr. Ankur Srivastava that a company can not be appointed as a director in another company.
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