CA Sahil Singla.. (Service Tax ) (3746 Points)
05 October 2011People say Munish Bhandari is best..but there is not of contradictions B/w Bhandari & ICAI as well as with Bare Act
Example -
It says that Director of Public Co. wich has defaulted u/s 274(1)(g) can be appointed as a Director in a Private Ltd. CO.
Can this happen ? i m talking abt June 2011 Edition for CA FInal
CA Rajat Jain
(CA)
(1677 Points)
Replied 05 October 2011
yes this section applicables only to public co.
CA Sahil Singla..
(Service Tax )
(3746 Points)
Replied 05 October 2011
Ms. Pooja & Rajat
I agree with u bcoz ur views r similar to bhandari sir...let;s see wat others reply
Mohit Jangid
(Article)
(141 Points)
Replied 05 October 2011
proviso to 274(1)(g) provide that disqualification applies only to public company directorship and by interpreting bare act he can be appointed as director in publc company,
please refer bare act.
CA Nikhil Jhanwar
(CA,CS)
(4447 Points)
Replied 05 October 2011
Nitesh Rustagi
(Assistant Manager)
(39 Points)
Replied 06 October 2011
As per Proviso to Sec 274(1)(g), Such Director can be appointed as director in pvt ltd co after resining or retriring from the defaulting public Co
Nitesh Rustagi
(Assistant Manager)
(39 Points)
Replied 06 October 2011
he had to resign. Such director can't obtain fresh appointment while he is still continuing in the defaulting public Co.
Swapnil Jain
(Finance - FP&A)
(564 Points)
Replied 09 October 2011
| Originally posted by : Nikhil Mohan Jhanwar | ||
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In my opinion, Such director can be appointed as director in private ltd. company as per interpretation of bare act. |
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