TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 316 Limits Managing Director Roles to Two Companies; Central Government May Allow Exceptions for Unified Operations.</h1> Section 316 of the Companies Act, 1956, restricts the appointment of a person as managing director in multiple companies. A public company or a private company that is a subsidiary of a public company cannot appoint someone as managing director if they hold a similar position in another company, except under specific conditions. A person can be managing director of up to two companies, provided the appointment is approved by the board. If holding such positions in more than two companies at the Act's commencement, the individual must choose two within a year. The Central Government may permit exceptions if necessary for unified company operations.
TaxTMI 
TaxTMI 
