Professional as a Director Cum Promoter

[MOHIT SALUJA]

Can a Professional be a Director at time of incorporation of company i.e. Promoter as well as Director?

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Regards,
Mohit Saluja
Company Secretary
9914558709

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[kameswara Rao Kappagantula]

Yes Y not?

There is no prohibition

Kamesh

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[Achuthan Raghav]

Dear MOhit,

We have understand that, when a professional promotes a company, he loses his right to be a professional, in relation to that company. A director, who is a "professional Director" in the Form 32, is one who renders his services to the company only as a professional with no other interest in the company, whereas, a "promoter director" is the father of the company. Hence, the difference.

Thanks and Regards
Achuthan

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I'm sure that someday children in schools will study the history of the men who made war as you study an absurdity. They'll be shocked, just as today we're shocked with cannibalism. -Golda Meir, Israeli Prime Minister (1898-1978)

 

I hope this happens in dreams atleast... Achuthan...

[Akriti Mahajan]

Hi All Members

According to my view also, a person rendering professional services to a company shall be an independent person and cannot work in dual capacities i.e of a professional as well as a director. If it is so allowed then that director will always be an interested director.

Other members' views are solicited.

Thanks & Regards,

Akriti Mahajan (Partner)

+91-9953918192 

 

SAS & Associates

Company Secretaries

7/3, B.D.Estate, Lancer's Road,

Timarpur, Delhi-110054

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