Mohamed Rashid T (11 Points)
23 June 2017Can a person holding office as Managing Director in two private companies, be appointed as MD in another private company?
Dr. Sudhir Mutha
(Consultant)
(114 Points)
Replied 23 June 2017
Please also check whether section 203 is applicable on both companies or not.
Taruna Gupta
(16 Points)
Replied 31 May 2018
A person cannot be appointed a as manager or M.D simultaneously in more than two companies. Yes, sec- 203 is applicable to Private Companies also.
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