Dear friends,
My wife is working in one private bank. One friend is planning to set up a pvt company.
Pls advise if my wife can be one of the directors in that company without leaving the current job. Are there any issues..
thnx
Sameer
sam (asa) (43 Points)
30 April 2010Dear friends,
My wife is working in one private bank. One friend is planning to set up a pvt company.
Pls advise if my wife can be one of the directors in that company without leaving the current job. Are there any issues..
thnx
Sameer
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 30 April 2010
Dear Sam,
She can be director of that company but only NON EXECUTIVE DIRECTOR.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 30 April 2010
Agree with the member.
Your wife can take the assignment as an ordinary director. Avoid the designation of Whole time Director.
One more imp thing--- also check the present job agreement with existing company for any kind of conditions.
Best Regards
sam
(asa)
(43 Points)
Replied 30 April 2010
The present agreement she cant take any postion for "Profit" .
She can take non-executive director or non whole time director. right? Where should this be mentioned ? in AOA or MOA ...or say in different forms 1, Form 32,18 etc?
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 30 April 2010
Ofcourse, in Form 32
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 30 April 2010
yes she can do both of job,, if she is abele to do it,././././ it is cleare with the form no 32
AP Rao
(--)
(43 Points)
Replied 06 May 2010
Is there any limit on the share-holding of a non-executive director in case of a private limited company... I mean, can a person with more than 20% share-holding in the company become a non-executive director?
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 06 May 2010
Yes, there would be no problem.
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