One person is whole time director of an unlisted public ltd company. Now as per Companies Act, he wants also to be appointed as CFO of the Company. Is it possible?
If yes what are the steps to be taken for his appointment as CFO
Law Aspire (CS) (755 Points)
10 October 2014One person is whole time director of an unlisted public ltd company. Now as per Companies Act, he wants also to be appointed as CFO of the Company. Is it possible?
If yes what are the steps to be taken for his appointment as CFO
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 13 October 2014
According to me intention of Sec.203(1) is to mandate appointment of 3 different individuals for 3 different posts as mentioned in (i) to (iii) therein.
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