Please Help: director

Posted Date : 13-Jan-2012 , 12:54:52 pm | Posted By irfan ansari

Is a CA(practicing)may a deemed director?

Category : Corporate Law | Answers : 2 | Comments : 5 | Hits : 503

Answers

Answer By: PRIYANKA

Practising CA cannot be a whole time director in a company. But he can be a non executive director as well as promoter of a company. He will be guilty of professional misconduct if he accepts appointment as WTD in a company.

Answer By: Rambabu Senkarasetti

He can only become non executive director

Comments

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Rishabh Upadhyay

13-Jan-2012 , 02:16:40 pm

A practising CA can only be a non executive director. . Not an executive director. . But yes . . He can be a director. . ( i personally know a few ca's who are practising and also a director of a company)

PANKAJ BANSAL

13-Jan-2012 , 03:58:36 pm

as per my opinion ca can be director in the company with d permission of Institute

lavina bajaj

17-Jan-2012 , 03:11:06 pm

he can only be a non executive director of the company..

Deepa Jain

30-Jan-2012 , 03:26:11 pm

As the Priyanka said A Practicing CA can not be a whole time director and can not work as a executive director, if he do so he will be professional misconduct, But the question, as per Irfan Ansari, is a Practicing CA be treated as deemed director? In accordance with whose direction or instruction , the Board of Directors of a company is accustomed to act shall be deemed to be the director of the company. However if the board of directors act on advice given by a person in his professional capacity (Practicing CA) he will not be considered as a deemed director of the company.