whole time director
sbhaktha (bcom + lawstudent @ present) (109 Points)
17 May 2018
whether a board needs to appoint a person as a director before appointing him as whole time director
5 Replies
Vidhya Sadhasivam
(Company Secretary in Practice)
(56 Points)
Replied 18 May 2018
Yes, you have to appoint him as director first then only whole time director. Refer GEETA SAAR issued by ICSI
sbhaktha
(bcom + lawstudent @ present)
(109 Points)
Replied 19 May 2018
we have to appoint a CEO as whole time director . in this case do we have to appoint him as a director or can we straight away appoint him as WTD.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 19 May 2018
You may directlty (in a single resolution) appoint him as Director as well as WTD, it is the prerequisite of the WTD that he must be a director.
The definition of the Term WTD itself says that it includes a director in the whole time employment of the Company.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 19 May 2018
You are welcome, it is my pleasure.
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