Anand (None) (25 Points)
21 September 2011Hi All,
Can you please tell me ? Director can be involved in more than one company as same designation. If yes then what is the process or either have to take noc from other director. Please tell me asap.
Thanks in advance.
Rakesh Dhanuka
(Company Secretary)
(478 Points)
Replied 21 September 2011
At a time a person can be independent non-executive director in 15 companies, no need to take any NOC..
ACCOUNTANT
(Student)
(559 Points)
Replied 27 September 2011
A person can hold directorship in 15 companies max. provided..,
1)He intimates in every company in which he holds such position about all the directiorships in the rest.
2)He intimates the ROC's in the respective jurisdictions and also to the Central Government.
(The ammendment came in 2000 so its prescribes exclusively for those who are holding such positions by that date)
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
