Directorship of a CA in a Pvt Ltd Co

Aditi Kadur (Student) (32 Points)

08 December 2008  

Hi All

I would like to know if a CA can be a mere director in a Pvt Ltd company

I am already aware that a person having COP cannot be a full time director or managing director. But my query is can he be a mere director and not a full time/managing director.

Also, if he can be a mere director can he do so in a pvt ltd comopany where his relatives have substantial interest? If so who are the people who come under the category of relatives and what is substantial interest?

Please also specify the Sections i can refer to in this regard

Thanks

Aditi