Question ID :
44571
Can CA in Practice become shareholder and director in a private limited company.
Can a CA in whole time practice become normal director (director simplicitor) in a private limited company which is engaged in the business or profession of multi services including Consulting, accounting and others? Whether specific permission fro the council required?
Posted by
Shriganesh Lakshminarayan Hegd
on
Nov 09, 2023
Filed Under
COUNCIL DECISION
Yes. No Specific permission required unless becoming a managing or whole time director.
Posted by
VINAY BHARGAV KUMAR G on
Nov 11, 2023
Answer ID :
85208
YES
Posted by
SURAJ KUMAR CHOUDHARY on
Nov 14, 2023
Answer ID :
85217
PERMISSION REQUIRED IF WANT TO BECOME FULL TIME DIRECTOR, NO PERMISSION REQUIRED FOR BECOMING SHARE HOLDER OF PRIVATE LIMITED
Posted by
CA Shrawan Suthar on
Nov 20, 2023