Partner appointment as Whole Time Director
Vipul Acharya (Account Officer) (646 Points)
21 May 2020Both partnership and Pvt Ltd owned by the same person
Vipul Acharya (Account Officer) (646 Points)
21 May 2020
Harish choursiya
(Student cs professional )
(249 Points)
Replied 22 May 2020
There is no restrictions for the appointment of the director subject to he is eligible to get appointment as directors like section 164 etc.
Conclusion that person (partner) can be appointed as directors in PVT. Co.
Vipul Acharya
(Account Officer)
(646 Points)
Replied 22 May 2020
Taxolawgy
(Legal and Financial services)
(491 Points)
Replied 22 May 2020
Yes, there is no restriction at all, he can be appointed in PVT LTD company despite of being partner in partnership firm. He just have to give disclosure to company saying he is partner in firm and hold interest.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)