02-09-2010, 03:29 PM
Sec 188(1)(c)(i)
A director shall automatically cease to hold office if
if a director or a firm in which he s a partner or a private company n which he s a director widout da sanction of da company n general meeting accepts or holds any office of profit under da company other than dat of a CE or a legal or a technical adviser or a banker.
My question s dat what positions are included in office of profit nd hw can a private company hold such office.plz explain... m confused.
And if a person s a director in one company,can he become a director n another company widout approval?if yes den is he obliged to disclose it?
A director shall automatically cease to hold office if
if a director or a firm in which he s a partner or a private company n which he s a director widout da sanction of da company n general meeting accepts or holds any office of profit under da company other than dat of a CE or a legal or a technical adviser or a banker.
My question s dat what positions are included in office of profit nd hw can a private company hold such office.plz explain... m confused.
And if a person s a director in one company,can he become a director n another company widout approval?if yes den is he obliged to disclose it?
