Can a person who is Partner in Partnership firm be appointed as Whole time director in a pvt ltd co.
Both partnership and Pvt Ltd owned by the same person
4 Replies
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)
(647 Points)
Replied 22 May 2020
As our Auditor Partner of a firm cannot be appointed as Whole time director of pvt ltd co.
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.
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