Whole Time Director

Ankur Garg (Company Secretary and Compliance Officer)   (114773 Points)

18 March 2009  

Dear Friends,

Please advise. Can a person be appointed as WTD of more than 1 company. Also mention if there is any source or DCA clarification etc. 

As per my opinion a person may be appointed as a Whole Time Director in more than 1 company especially under the same group companies.

Regarding WTD there is no specific provision like sec. 316(MD) or 386(Manager) to regulate the appointment of WTD. As far as section 269, 302 and schedule XIII are concerned they don't talk about no. of assignments as WTD.

Thanks in advance. Regards