Can an Ex -Group ( say Company A) Executive president of a Business House hold a position of independent director of another Group company ( say Company B) after superannuation?
The Business House is parent of both A and B
Jayanta Bandyopadhyay 17 October 2024
Can an Ex -Group ( say Company A) Executive president of a Business House hold a position of independent director of another Group company ( say Company B) after superannuation?
The Business House is parent of both A and B
T. Kalaiselvan, Advocate (Advocate) 17 October 2024
There's no legal infirmity in such appointment.
Jayanta Bandyopadhyay 17 October 2024
Sir
But he is receiving reimbursement of monthly medical expenditure and other things from Company A,where he was Ex President.
Now, he is in Company B
Both A and B belong to one business house. Are they not related persons?
Dr. J C Vashista (Advocate ) 17 October 2024
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Jayanta Bandyopadhyay 17 October 2024
Respected Sir
With due reverence, no repeat question was ever posted.
Do always respect experts' opinion. No need to take paid opinion.
In personal, family, professional life, one may have a lot of queries. I lost Rs.70000 for wrong advices given by Advocates at District Court. Their knowledge is very poor. Also echoed by High Court advocates.
Instead of carrying wrong notions by many, I follow a different path and get clarity.
Regards,
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