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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

Answer ID : 85204

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